Hard to know which is funnier/sadder about this story: that it shows if there's one thing more important to the LNP Gazette than the LNP, it's fossil fuel companies; or how loathe the government is to come to terms with the PRRT transfer price rort; or how anyone run a...
page one lead that is credibly 100% denied in the body copy, never mind all its content being seriously old, except for updating the gratuitous gas company lobbying.
There is the odd laugh along the way, e.g. trying to equate PRRT changes with Labor's resources rent tax, but...
perhaps funniest is: "Major LNG producers in Western Australia are alarmed at the prospect of an increase in their tax burden".
When you're paying SFA tax now, it's hardly a burden.
Why the Treasury review of the Callaghan report is taking so long is another mystery. I guess..
...causing delay is another industry skill. The industry and Treasury know the present pricing point is overly generous to the industry, but for a few billion dollars, it's not hard to find people to claim black is white, never mind when there is a little grey.
It's a rare...
...day when linking to a Frydenberg media release actually provides more clarity, but here it is from November 2018 ministers.treasury.gov.au/ministers/josh…
If you want to know, some explanation from Monash's expert Dr Kraal in the post script here www2.monash.edu/impact/podcast…
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