Mark Ogge

2 weeks ago | australiainstitute.org.au | Mark Ogge |Matt Saunders |Rod Campbell

Companies exporting liquified natural gas from Australia have made windfall profits close to $100 billion since 2022, when energy prices spiked because of Russia’s invasion of Ukraine. Most of these profits are based on royalty-free gas and no Petroleum Resource Rent Tax was paid. At best, $20 billion in company tax was paid on this windfall.

1 month ago | australiainstitute.org.au | Mark Ogge |Rod Campbell |Matt Saunders

Over half of Australia’s gas exports are given away, without payment of royalties or Petroleum Resource Rent Tax. Over the last four years, multinational companies made $170 billion exporting gas they got for free. Based on Federal Government forecasts, to 2030 another $170 billion of liquified natural gas will be exported based on free gas.

2 months ago | australiainstitute.org.au | Greg Jericho |Matt Grudnoff |Mark Ogge |Jack Thrower

Over the 10 years to 2023-24 nurses paid $7bn more in tax than did the oil and gas companies. The oil and gas industry loves to tell everyone they pay a lot of tax, but the evidence tells a very different story. The oil and gas industry claim their tax pays for nurses and other public sector services, but new Australia Institute research shows that nurses pay more in income tax than the oil and gas industry pay in company tax and Petroleum Resource Rent Tax (PRRT).