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The Forum > General Discussion > Australia collects more money from HECS than from the Petroleum Resources Rent Tax

Australia collects more money from HECS than from the Petroleum Resources Rent Tax

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In his presentation to the National Press club Richard Denniss (from the Australia Institute) points out the many problems with Australia's taxation system and makes a number of suggestions for change.

He says that we can't start a proper conversation about taxation until the Business community stops telling lies (to the Australian public) about taxation.

Australia exports more gas than Qatar but Qatar collects 20 times more tax on gas than Australia.

Australia is a low tax country that subsidises fossil fuel production while invoicing those who seek higher education.
Posted by WTF? - Not Again, Sunday, 4 February 2024 7:48:23 AM
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we can't start a proper conversation about taxation until the Business community stops telling lies (to the Australian public) about taxation.

WTF? - Not Again,
Yes, but also the non-business lot who have no qualms about asking for more & more in return for less & less ! Politicians have tried to change that but bureaudroids are so numerous now that politicians can't do anything !
Posted by Indyvidual, Monday, 5 February 2024 11:09:03 AM
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PPRT isn't the only tax the Petroleum and Gas industries.

For a start, go and look up how much is paid in royalties on these resources to State Governments to realise how wrong the above claim is.

Then also realise that believing anything from the Australia Institute is a mug's game.
Posted by mhaze, Monday, 5 February 2024 12:01:44 PM
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WTF?
As Richard Dennis says: "Tax is good. Tax is an investment in our society and the highest taxed countries in the world also happen to be the richest, most productive, and happiest countries in the world."

"No wonder our schools, hospitals, aged care, disability care and public transport lag so far behind the services provided in northern Europe."
Posted by WTF? - Not Again, Monday, 5 February 2024 5:51:03 PM
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the highest taxed countries in the world also happen to be the richest, most productive, and happiest countries in the world.

WTF? - Not Again,
Yes, because they don't splurge the funds on third generation Peter Principle bureaudroids & negative gearing manipulators.
Posted by Indyvidual, Monday, 5 February 2024 10:31:00 PM
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WTF?

I think tax reform for many will be counter-intuitive.

An opinion repeated often enough usually becomes accepted as fact.

Richard Denniss highlights this when he says: "Whether its climate change, cost of living, covid or the new Cold War, Australia is going to need a bigger better public sector moving forward, not a smaller one. For decades we have been told if we cut taxes and privatise services things will get better, but in reality, it’s inequality that has grown, not productivity or service quality."
Posted by WTF? - Not Again, Tuesday, 6 February 2024 7:15:09 AM
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"Whether its climate change, cost of living, covid or the new Cold War, Australia is going to need a bigger better public sector moving forward, not a smaller one. "

So you say.... why?
Posted by mhaze, Tuesday, 6 February 2024 12:35:46 PM
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Nigel Farage discusses the wind energy scam:

https://www.youtube.com/watch?v=Gj21OgevMwU

Australia's future if the renewable energy zealots keep us on this crazy quest.
Posted by Fester, Tuesday, 6 February 2024 7:43:55 PM
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WTF?

More from the National Press Club presentation:

"The way we collect and spend tax revenue is one of the major drivers of the shape of our economy. It’s one of the few things we have complete control over.

And if you don’t believe those decisions make a difference, just consider the fact that in Norway, they tax the fossil fuel industry and give kids free university education, in Australia we subsidise the fossil fuel industry and charge kids a fortune to go to university."
Posted by WTF? - Not Again, Wednesday, 7 February 2024 7:04:10 AM
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