Episode Details

Prime Minister Anthony Albanese is set to veto a new tax on gas companies windfall profits in the upcoming federal budget, amidst a fuel crisis and ongoing trade negotiations in the Middle East. Despite Treasury modeling options for increased revenue, the idea is currently off the table due to public opinion and industry pushback. Industry representatives argue that they already pay significant taxes and royalties, while a Greens-led Senate inquiry continues to investigate the gas tax setup. Albanese emphasizes the need for accurate information regarding companies financial obligations.

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