The Tax Justice Network and ITF campaign on multinational tax measures – particularly surrounding the Petroleum Resource Rent Tax (PRRT) – have attracted widespread media interest. Below are the three of the most recent. For more, click here see our media archive.
Opening Statement/Submission Senate Inquiry into Corporate Tax Avoidance
July 3, 2017
Statement from Jason Ward, Spokesperson for the Tax Justice Network – Australia, for the Senate Inquiry into Corporate Tax Avoidance.
Petroleum Resource Rent Tax concessions under the microscope ahead of May budget
7:30 REPORT | February 20, 2017
Oil and gas companies could lose some of their generous tax deductions following a review of the Petroleum Resource Rent Tax (PRRT). Featuring Tax Justice Network's Jason Ward.
Crossbenchers demand gas tax fix as report finds LNG revenue 'inadequate'
SYDNEY MORNING HERALD | April 8, 2017
The Turnbull government could improve its budget bottom line by nearly $3 billion a year if offshore petroleum companies were forced to pay a flat royalty on the gas they extract and export, new research commissioned by ITF suggests.
Chevron court case every company is watching
AUSTRALIAN FINANCIAL REVIEW | March 25, 2017
It's been described as the most significant tax case ever litigated in Australia. The Australian Tax Office is pursuing Chevron over a $US2.5 billion ($3.7 billion) inter-company loan. Immediately at stake is roughly $340 million in taxes, penalties and interest on the 2003 loan. But that's not the half of it.
One-third of Queensland's LNG capacity is owned by foreign governments
THE GUARDIAN | April 8, 2017
A third of the capacity of projects in Queensland that liquify coal seam gas for export is owned by foreign governments through state-owned enterprises, an analysis by the Tax Justice Network reveals.
There is no gas crisis in Australia, but there is an attack on our natural assets
THE GUARDIAN | March 27, 2017
The PRRT was designed to capture 40 per cent of the profits companies earn from selling our oil and gas, yet in 2013-14, it earned just 5 per cent of the $29.5bn oil and gas companies earned from those resources. because of the overly generous tax credits. And the tax take is falling.