Get all your news in one place.
100's of premium titles.
One app.
Start reading
ABC News
ABC News
Business
business reporters Michael Janda, Rhiana Whitson, Kath Robinson and Gareth Hutchens

Do the PRRT changes in the budget go far enough to fix a 'broken' Petroleum Resource Rent Tax?

Treasury said in Budget Paper 1 that no LNG project has so far paid any Petroleum Resource Rent Tax. (ABC News: Christoper Gillette)

Economists and energy experts say the government is short-changing Australians with planned changes to the Petroleum Resource Rent Tax (PRRT) that will only raise an additional $2.4 billion over five years.

Tax specialist Steven Hamilton, an assistant professor of economics at The George Washington University, said the changes detailed by Treasurer Jim Chalmers in the budget were "mostly cosmetic".

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.