News Formal

The government is jacking up taxes on the gas industry. What's set to change, and how much money will it bring in?

  • 📰 abcnews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 83%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The gas industry is being hit with jacked-up taxes. What's changing?

Currently companies can deduct their capital costs from 100 per cent of their project income.That leaves 10 per cent of income that can be hit with the PRRT.Treasurer Jim Chalmers said it is a modest change that strikes the right balance between getting more revenue out of the sector, without harming its viability."But we also want to recognise that we want to see investment in the sector, we want to see supply out of these projects.

The chief executive of gas industry body APPEA, Samantha McCulloch, said they're pleased to have an outcome they can work with. The front page of Monday's West Australian newspaper featured the headline "IT'S A TAX ON WEST AUSSIES".

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Tight employment market puts heat on small businessSmall business will be included in electricity bill relief measures announced in Tuesday’s federal budget, Treasurer Jim Chalmers confirmed.
Källa: FinancialReview - 🏆 2. / 90 Läs mer »