Pauline Hanson announces Norway-inspired gas policy as she decries 25% export tax as ‘economic vandalism’
Pauline Hanson, leader of One Nation, has proposed a Norway-inspired gas policy aimed at increasing returns for Australian taxpayers. The plan includes abolishing the offshore gas profits tax and acquiring 30% equity in new gas projects. Critics, including government officials, have labeled the proposal as reminiscent of Venezuela's policies.
- ▪One Nation's proposal seeks to replace the offshore gas profits tax and acquire equity stakes in new ventures.
- ▪Hanson criticized a 25% export tax as 'economic vandalism' and called for a new royalty regime.
- ▪The proposed government investment body would not manage day-to-day operations of gas companies.
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One Nation leader, Pauline Hanson, has denied the proposal is a ‘socialist takeover’, saying the government investment body would not have a day-to-day role in running the partner gas company. Photograph: Hilary Wardhaugh/Getty ImagesView image in fullscreenOne Nation leader, Pauline Hanson, has denied the proposal is a ‘socialist takeover’, saying the government investment body would not have a day-to-day role in running the partner gas company. Photograph: Hilary Wardhaugh/Getty ImagesOne NationPauline Hanson announces Norway-inspired gas policy as she decries 25% export tax as ‘economic vandalism’One Nation proposal would abolish offshore gas profits tax and acquire 30% equity in new projects in a move the Coalition says is ‘borrowed from Venezuela’ Get our breaking news email, free…
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