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Labor's Gas Tax Dilemma: Inquiry Heats Up
Description
Labors Internal Struggle: Taxing Gas Exports and Fair Revenue
Labor Party faces internal pressure to impose a hefty tax on gas export profits, with groups like LEAN advocating for a 25% export tax. The inquiry explores alternatives, including a 40% cashflow levy or a 100% windfall tax. Politicians are divided, with opposition leader Angus Taylor warning of industry collapse and Western Australias premier Roger Cook opposing any tax. Influencer Konrad Benjamin criticizes MPs for ignoring public sentiment. The governments budget modeling changes, but big moves are unlikely due to the global energy crunch. Advocates warn of public backlash if leaders dont address fair gas revenue.
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