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ABC News
ABC News
Business
business reporter Michael Janda

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

At least $20 billion could be raised through a so-called windfall profits tax on Australia's gas industry, with around two-thirds of voters supporting such a move, a new report finds.

The Australia Institute think tank has calculated that gas price rises, mainly linked to the war in Ukraine, boosted profits on Australian exports by between $26 to $40 billion.

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