MM, you know the system is broken, when telstra pays more tax, than the entire oil & gas industry in Oz.
In 2017,The West Australianreported that the Japanese oil company Inpex would export $195 billion worth of liquefied natural gas (LNG), liquefied petroleum gas (LPG) and condensate from Darwin over 30 years.
However, analysis commissioned by the company revealed no PRRT would be paid by its Ichthys LNG project, even after 30 years.
https://www.news.com.au/finance/business/mining/tax-and-royalty-systems-for-australias-gas-and-oil-industries-need-reform-experts-argue/news-story/a900c328f1a01bf4e3aee8b867138262So, IMO, the govt, should rework the tax rules around the oil & gas industry, and have a 12.5 percent flat tax.
Those who dont wanna work with the Oz people, the govt. nationalises its business.
Raider
