Taxing gas: How Australia is losing $20 billion a year

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Today on the New Politics podcast, we examine Australia’s stalled debate over a 25% gas export tax and why major tax reform continues to be blocked despite strong economic evidence and growing public support, with many experts warning the nation is getting a poor return on its natural resources. A gas export tax could raise around $20 billion a year to fund health, education, the NDIS, housing and essential public services, yet remains politically sidelined due to the influence of the gas lobby and entrenched vested interests. We explore the ongoing failure to deliver structural reform, including hesitation around negative gearing, and assess whether the Albanese government has the political will to act ahead of the federal Budget, or if Australia will once again miss its chance to secure a fairer tax system and ensure Australians benefit from their own resources. #AUSPOL

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Song listing:

• ‘La Femme d’Argent’, AIR.