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Anthony Albanese accused of ‘caving to gas companies’ as Labor set to reject new export tax
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Anthony Albanese accused of ‘caving to gas companies’ as Labor set to reject new export tax

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Labor is poised to reject a growing push for a new 25% tax on gas exports in next month’s budget, prompting David Pocock to accuse the government of “caving in” to the gas industry. It’s understood the government has elected not to pursue a new tax on gas exports in the budget , prompted in part by the global oil crisis and Anthony Albanese’s diplomatic efforts in shoring up fuel supply from Asian allies by pledging reliable access to liquefied natural gas. The prime minister all but ruled out heeding a public campaign calling for the new tax in interviews on Thursday. Trade minister Don Farrell said on Friday “we’re not changing our policies in respect to gas” and that “the most important thing” was to honour existing export contracts. Less dramatic changes, including reforms to the petroleum resources rent tax or a tax on windfall profits, have not yet been ruled out, and there is strong support inside the Labor caucus for gas reforms.…

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