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Australia Considers Gas Tax Amid Soaring Prices

Published 2 weeks, 3 days ago
Description

Amid soaring energy prices due to Middle East conflict, Australias federal government considers new taxes on gas company profits. Energy Minister Chris Bowen leaves the door open for a windfall tax in the upcoming budget, while Greens leader Larissa Waters pushes for a 25% levy and an independent lawmaker advocates for a 50% tax. Treasurer Jim Chalmers will decide on any changes by the May budget, prioritizing tax collection efficiency amid global shocks.

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