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AAP
AAP
Politics
Andrew Brown and Jacob Shteyman

Labor considers windfall gas tax amid Iran price spike

Chris Bowen Energy Larissa Waters Greens Middle East the Middle East
Resource companies could be hit with a windfall levy in the upcoming federal budget. (Darren England/AAP PHOTOS)

The energy minister has kept the door open to new taxes on gas companies' profits following reports the government is considering a windfall levy to capitalise on surging prices caused by the Middle East conflict.

Asked if he would rule out new taxes on resource companies in the upcoming federal budget, Chris Bowen refused to comment, saying it was up to the treasurer and cabinet.

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