Spot on Greg. I used to have robust discussions with my father in law about this exact subject. He bought the lobbyists line that the companies would leave if they had to pay equitable tax. I pointed out that they were laughing behind their hands that Australian politicians were that stupid ( that is the most generous assumption). Why would they leave a politically and geographically stable continent in favour of hotspots? Time to ban lobbyists and time for legislation banning politicians from accruing wealth ( other than their salaries) whilst in parliament.
Having spent over 40 years in the oil and gas industry even if the ACTU’s 25 per cent tax on gas exports was implemented the trans-nationals would work the tax system to its benefit and no matter the flavor of the government it will let them do it.
One suggestion that has been talked up by insiders that would work and the trans-nationals have no way around it is to put a bounty on every cargo that leaves our water, $5 million per cargo and a ship can not leave unless paid.
The exporters have on average 3/4 cargos a week go out depending on issues at the refineries. We export about 85% of our LNG and it is declining if Woodside bought the train it mothball back on line our exports would rise again.
All the trans-nationals are getting a free kick and the government is doing nothing to support the Australian people in this matter but are prepared to implement new tax's on the working people of Australian but not the trans-nationals it has a smell about it.
Excellent work there Greg. You were obviously well-prepared for the task. I can only hope Albanese takes notice of your actions. We have the LNG, the secure supply, the right infrastructure laws to be a major supplier. But we also need to extract our share of the sale, and stop these companies from effectively taking our gas for nothing.
Wonderful work Greg, I'm proud of you for going into the kitten's den. This reminds me of one of the most beautiful stories I've ever read. It was by a man who was terrified of big spiders (as I am). But one day he decided to overcome his fear. He saw a big huntsman on his desk. So he sat down and let the big spider crawl onto his hand. "The moment the spider stepped onto my hand, my fear melted away."
Spot on Greg. I used to have robust discussions with my father in law about this exact subject. He bought the lobbyists line that the companies would leave if they had to pay equitable tax. I pointed out that they were laughing behind their hands that Australian politicians were that stupid ( that is the most generous assumption). Why would they leave a politically and geographically stable continent in favour of hotspots? Time to ban lobbyists and time for legislation banning politicians from accruing wealth ( other than their salaries) whilst in parliament.
Thank you and I absolutely LOVE the work and myth busting of the Australia Institute!!
Having spent over 40 years in the oil and gas industry even if the ACTU’s 25 per cent tax on gas exports was implemented the trans-nationals would work the tax system to its benefit and no matter the flavor of the government it will let them do it.
One suggestion that has been talked up by insiders that would work and the trans-nationals have no way around it is to put a bounty on every cargo that leaves our water, $5 million per cargo and a ship can not leave unless paid.
The exporters have on average 3/4 cargos a week go out depending on issues at the refineries. We export about 85% of our LNG and it is declining if Woodside bought the train it mothball back on line our exports would rise again.
All the trans-nationals are getting a free kick and the government is doing nothing to support the Australian people in this matter but are prepared to implement new tax's on the working people of Australian but not the trans-nationals it has a smell about it.
Yeah, avoiding the industry’s lawyers is the biggest hurdle - which is why any form of “windfall tax” would be a huge win for the them.
Excellent work there Greg. You were obviously well-prepared for the task. I can only hope Albanese takes notice of your actions. We have the LNG, the secure supply, the right infrastructure laws to be a major supplier. But we also need to extract our share of the sale, and stop these companies from effectively taking our gas for nothing.
Wonderful work Greg, I'm proud of you for going into the kitten's den. This reminds me of one of the most beautiful stories I've ever read. It was by a man who was terrified of big spiders (as I am). But one day he decided to overcome his fear. He saw a big huntsman on his desk. So he sat down and let the big spider crawl onto his hand. "The moment the spider stepped onto my hand, my fear melted away."
A lesson for life.