Australian oil and gas industry’s tax payments set to triple

📆 4/21/2023 5:22 AM
📰 SkyNewsAust

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The Australian oil and gas industry is expected to triple its tax payments to the government from the last financial year, with companies projected to pay $6 billion in windfall taxes, excise, and royalties.

The surge in government contributions is largely due to a rise in income tax

resulting from record liquefied natural gas exports and higher commodity prices.

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