. In 2021 Chevron paid $30 in income tax. Santos and Woodside had the last laugh though, shelling out $0.
But that’s not the way these industries see it, which is why their industry associations are out in force at the moment. As a researcher who has studied thethere are several things to bear in mind when assessing the claims being made by these groups. First, industry associations are set up by firms to advance the commercial interests of their members, and this typically means their largest members. The reason firms such as BHP, Chevron, Rio Tinto, Santos and Woodside dip into their pockets to keep these groups afloat is so that they can engage in a raft of political activities to protect their profits – think lobbyists walking the halls of parliament, or ad campaigns on TV, or social media decrying any attempt to regulate the industry.
And too often these campaigns are effective. In 2010 when Kevin Rudd proposed a resource super profits tax to ensure taxpayers got a fairer share of the billions being made by miners, the Minerals Council of Australia alonecampaigning against the government, mainly on TV advertisements. Shortly after Rudd fell, the Gillard government walked away from the proposal and the industry kept their super profits. No wonder they are at it again.
The second point to keep in mind is that as well as protecting their profits, the related goal of any industry association is to protect their members’ reputations. That is why these groups and their members often spend millions on public relations campaigns, or why they donate to a local community group or sports team. It is to ensure that their members maintain a social licence to operate.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
After the way they campaigned against the Mining Tax you would think Australians would be awake to their duplicity by now.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
‘Cultural appropriation’: discussion builds over western yoga industryPractitioners fear Indian culture has been ‘suppressed by colonisation’ while some question accessibility 🤪 No it doesn't. I would say the issue is that it has been capitalised and profitised, rather than colonised. I feel uncomfortable with how it’s been turned into a very superficial fitness thing, but there are some really good centres that honour a direct lineage to Indian teachers. Rare though
Sumber: GuardianAus - 🏆 1. / 98 Baca lebih lajut »
Crypto industry body Blockchain Australia loses CEOBlockchain Australia chief executive Laura Mercurio departed the cryptocurrency sector’s peak body just weeks after her appointment, it can be revealed.
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »
PM to meet gas industry but holding firm against threatsAnthony Albanese will speak with bosses before Thursday’s parliamentary vote. However, he is not backing down amid their plans to defer or reduce investment. Good to see AFR return to its roots interested and broadly supportive of business. Any Government that interferes in markets like this raises spectre of regulatory uncertainty which may genuinely hinder future investment. At minimum producers should be compensated PhillipCoorey gas industry is making economic decisions, albo is making idiological decisions Love that Albo and Labor are doing everything they said and promised. Compared the Scummo today lieing at the Robodebt Royal Commission.
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »
Industry fund strips union of board position after nuclear falloutNewly merged Brighter Super has stripped the Electrical Trades Union of its board position after the union criticised the fund’s CEO over her alleged support of nuclear power. Not too bright to take on a very big chunk of its membership, especially when it's a mutual. Wow. The hand that feeds … Hardly a merger, more like a takeover
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »
Contractor collapses expose industry ‘at breaking point’The collapse of local contractors Clough and Probuild is intensifying pressure on the construction industry.
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »
Gas industry behaving like tech giants: HusicIndustry Minister Ed Husic says moves to suspend talks over future sales are unacceptable and counterproductive. Finally actually a bit of balanced coverage. you seem to be giving an awful lot of credence to the claims of gas producers who have done absolutely nothing to contribute to domestic energy security and openly threaten the government.
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »