A windfall profits tax levied on the export gas industry could pay for the government’s $20 billion Rewiring the Nation commitment to the energy transition and compensate households for price rises, states the Australia Institute.
The Ukraine war gas boom has meant Australia’s major liquid natural gas (LNG) exporters creamed as much as $40 billion in extra profits on virtually flat export volumes in 2021-22, the Australia Institute (TAI) says.
