Oct 16, 2025 (Brisbane Times - ABIX via COMTEX) --
The federal government's petroleum resource rent tax is forecast to generate revenue of nearly $2bn this year. ACTU president Michele O'Neil contends that the PRRT has become a scam that is allowing large companies to make a "killing" out of LNG with very little benefit to taxpayers. The ACTU wants the PRRT to be abolished and replaced with a flat tax rate of 25 per cent on all LNG exports. O'Neil notes that Australian LNG producers pay just $0.43 in tax for every $100 worth of gas they export; she adds that in contrast, Qatar taxes gas exports at 46 per cent, in addition to the nation's corporate tax rate..
Publication Date: 17 October 2025
ACTU
COMTEX_469570757/2229/2025-10-16T19:34:49
By Shane Wright
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