Australia's parliament is examining taxation of gas exports, with multinational companies earning roughly $149 billion from gas sales over four years while paying minimal taxes. Advocates propose a 25% export tax that could raise $17 billion annually and lower domestic fuel prices, though critics warn it may discourage investment in new gas projects.
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Australia's parliament is examining taxation of gas exports, with multinational companies earning roughly $149 billion from gas sales over four years while paying minimal taxes. Advocates propose a 25% export tax that could raise $17 billion annually and lower domestic fuel prices, though critics warn it may discourage investment in new gas projects.