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No wonder the coffers are empty - more SCAMS by overseas companies, page-8

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dkit

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18/07/19

15:10

Post #: 39583979
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Originally posted by greenhart: ↑

While not debating the general thrust of the article, I found this a bit strange:

"In 2017-18, LNG companies in Australia had revenue totalling $29.7 billion, yet paid just $1.07 billion in royalties levied under the petroleum resource rent tax (PRRT).In 2016-17, from revenue of $22.7 billion, they paid only $970 million in PRRT.

By comparison, Qatar, a close second behind Australia in production, received a staggering $26 billion in royalties"
Is Qatar really getting something like 90% royalties, or are they getting a huge amount more for their gas?

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Originally posted by mojohand: ↑

Coalition will fix this problem resulting in a far better deal for Australia. Just you wait and see. Scomo will be all over this injustice. Mark my words. You can take it to the bank. Gold-rolled and iron-clad....

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Australia, as usual, taken to the cleaners. Just keep smiling for the camera (security).... We have you covered.

dkit
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