Making Offshore Oil and Gas Giants Pay Their Fair Share Could Fund Aged Care Reforms
MEDIA RELEASE
One Nation leader Pauline Hanson is calling for offshore oil and gas giants operating in Australia to fund the Royal Commissions’ recommendations into Aged Care and avoid raising taxes on workers and small businesses.
“Before we ask taxpayers to fund the Royal Commissions’ recommendations through increases to the Medicare Levy, Government should be forcing multinational oil and gas companies to pay their fair share of tax for the resources taken from Commonwealth waters.”
“We are missing out on billions each year because of gutless politicians.”
More than $350 billion in Petroleum Resources Rent Tax (PRRT) credits have been accrued by oil and gas giants including Chevron, Exxon Mobil, Shell, BHP, and ConocoPhillips.
Senator Hanson said, “It’s likely these companies will pay little to no tax on the gas they take in the future, particularly those off Western Australia.”
“If we want to pay for aged care reform, NDIS, increases to unemployment benefits, and general services provided by Government, we must make multi-national companies pay for the commodities they’re taking from off our coastline.”
“If it’s good enough for the Government to go after tech giants, it’s time to tackle the world’s oil and gas companies.”
“These people are the biggest tax dodgers in the world, and until we do something about tax avoidance by multinationals, Mum and Dad workers will continue to bear the expense through increased taxes.”
Senator Hanson is calling on Prime Minister, Scott Morrison to phase out PRRT tax credits over the next 10 years and create a sovereign wealth fund by implementing a transaction tax on oil and gas companies.
“There’s no excuse why these offshore projects can’t pay a flat tax of between 5% to 10% based on the meters that measure their production.”
“The current arrangement between Government and gas companies is not to the benefit of Australians and needs fixing immediately before gas production doubles over the next 20 years.”
“Every single politician will one day be a patient in an aged care facility. We can either fix the problem now or eventually experience first hand how dire the system has become.”
