business / news / / The Guardian
The bosses of Santos, Woodside, Chevron and Shell could be compelled to face an inquiry into export tax settings.
CEOs of major gas exporters may be compelled to testify at a Greens-led Senate inquiry.
KEY POINTS
- Labor supported the inquiry after leaks revealed Treasury was modeling a flat tax on gas exports.
- A proposed 25% export tax could add up to $17bn to the Australian budget.
- The Greens Institute claims gas exporters could make over $78bn in profits in 2026 due to the war.
- New research suggests windfall profit taxes similar to Norway's could raise $28bn to $57bn.
COMPANIES
Summarized by Newsio from The Guardian. How we summarize →