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.