We have already missed out on $63.8 billion in taxes from gas exports
A 25% tax on natural gas exports could have eased the pain of global energy price spikes
Authors
Media release
Australia’s wealth of natural gas reserves mean that the Commonwealth could be benefitting from the high prices caused by conflicts in Ukraine and Middle East. If a 25% tax on Australia’s natural gas exports had been enacted in 2022 it would have already raised $63.8 billion, which could fund a range of social services for years.