AFF Member Stock Discussion

[prozac]

Do those statistics include profits made by the gas industry? The PRRT taxes the resources at a Federal level and then the profits are also txaed as company tax.

How much 'export tax' does the wine or beer industry pay? Should all companies that export pay an export tax?

You should read up about the carbon tax that Julia Gillard introduced and how it morphed via successive governments into the resource tax it is now (PRRT). Nothing to do with taxing exports generally.

 

[Brissy1]

Do you know Australia collects just $1.5b in gas export tax (PRRT), but $2.7b in beer excise tax? Failure to tax gas exports impacts the level of personal tax we all pay. About time successive governments get some common sense.

Don't they pay state taxes/royalties as well? (For our qld 50c train fares).

 

[prozac]

Don't they pay state taxes/royalties as well? (For our qld 50c train fares).

They possibly do and you'd need to look it up but that is nothing to do with export and could pertain to domestic gas supply.

 

[Brissy1]

They possibly do and you'd need to look it up but that is nothing to do with export and could pertain to domestic gas supply.

I don't think your comparison to "beer excise" has anything to do with export either.

 

[Mr_Orange]

domestic gas supply

What's that?

We import all our gas which is the main reason it's so expensive! If the government mandated that enough was kept to satisfy domestic supply, gas prices would be much lower and there wouldn't be such a 'cost of living crisis'.

Disclaimer: I'm not a gas consumer for this very reason. Electric only.

 

[prozac]

I don't think your comparison to "beer excise" has anything to do with export either.

You're proposing a circular argument. You can do that by yourself.

 

[cove]

Seems alcohol consumption has dropped in Australia and I am not sure if it is now too expensive or something else.
There are now quite a few beers that I consider not worthy of drinking based on my taste.
Saw TWE having issues in China.

 

[prozac]

Seems alcohol consumption has dropped in Australia and I am not sure if it is now too expensive or something else.
There are now quite a few beers that I consider not worthy of drinking based on my taste.
Saw TWE having issues in China.

There are somne truly appalling beers for sale in establishments that honestly do not deserve to be there over the decent brews they replaced.

Not sure how consumoption has diminished. Not in my home.

 

[SYD]

Seems alcohol consumption has dropped in Australia and I am not sure if it is now too expensive or something else.
There are now quite a few beers that I consider not worthy of drinking based on my taste.
Saw TWE having issues in China.

A lot of younger peeps are drinking a lot less than previous generations - apparently.

 

[prozac]

A lot of younger peeps are drinking a lot less than previous generations - apparently.

Alot less wine apparently

 

[Mr_Orange]

Alot less wine apparently

apparently.

 

[Scarlett]

Alcamahol is pretty expensive these days. Apparently.

 

[markis10]

We import all our gas which is the main reason it's so expensive!

We don’t import all our gas, 20% of our production is used domestically which is significant as we are number 2 in the world.

 

[Mr_Orange]

We don’t import all our gas, 20% of our production is used domestically which is significant as we are number 2 in the world.

Mea culpa - that 20% isn't enough to fulfil the domestic demand though and we should keep enough for that.

 

[markis10]

Mea culpa - that 20% isn't enough to fulfil the domestic demand though and we should keep enough for that.

Have to blame QLD for that, no provision for royalties or domestic reservation when Curtis Island came on board with Queensland Curtis LNG (a joint venture of QGC – now a Shell-owned business, China National Offshore Oil Corporation and Tokyo Gas), Australia Pacific LNG (a joint venture of ConocoPhillips, Origin and Sinopec), and Santos GLNG (a joint venture of Santos, Petronas, Total, and Kogas) all enjoying the spoils.