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‘It’s fired people up’: support grows, including within Labor, for new gas tax to curb wartime profits
Government, industry and opposition see growing public support for a new gas tax but the industry is fighting back
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The gas industry is mobilising in opposition to a potential new tax on the sector as political momentum builds – including among Labor MPs – for the government to use the May budget to prevent producers profiting from the Middle East war.
The Australian Energy Producers (AEP) chief executive, Samantha McCulloch, claimed a new tax would punish the same Asian trading partners Australia was leaning on to supply more fuel amid the global energy crisis.
Labor explores new gas tax to shield from Iran war shock
The prime minister's department has requested modelling for a new levy on gas companies. (ABC News: Matt Roberts)
Anthony Albanese's department has requested Treasury modelling on options to impose a new levy on gas companies, as well as further changes to the Petroleum Resources Rent Tax.
The document, seen by the ABC, suggests the government is seeking advice on whether to impose the tax in the May budget to collect some of the windfall profits gas companies are making during the Middle East war.
More than 500 million litres of petrol and diesel have been released from federal fuel reserves and directed to regional communities.
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