This budget is not about jobs. It is about paying bureaucrats, gambling our money on unproven green power, increasing company taxes and ultimately hurting taxpayers by stealth, writes Nicolle Flint.
This budget is not about jobs, investment and productivity, it is about using taxpayers’ money to pay more bureaucrats, gambling our money on green hydrogen, hurting traditional power producers, increasing company taxes and ultimately hurting taxpayers by stealth.
on demand with Flash for $8/month and no lock in contracts. New to Flash? Try 1 month free. Offer ends 31 October, 2023 Astoundingly the Coalition looks set to agree to this tax rise, and even more bizarrely the Australian Petroleum Production & Exploration Association Chief Executive Samantha McCulloch welcomed it, along with the fact that gas producers will pay a total of $16.2 billion in tax this year.
Gas companies are among the biggest taxpayers in Australia and their role in delivering economic benefits across the country is again shown in tonight’s Budget.” Billionaire Twiggy Forrest is actively backing green hydrogen projects himself, perhaps to unlock some of this money promised for green hydrogen by Labor in the Budget, while also calling on the government to implement a hydrogen production tax credit.
The new Environment Protection Australia will have a budget of $121 million to be a"tough cop on the beat" to hold miners, for example, to account.
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