Just wondering if your awash in coal and gas, how the corrupt politicians could have given it away.
None of the major gas exporters pay any tax as they are foreign multinationals who know how to make “zero profit” in Australia.
They are also allowed to write off any royalties they would have been paying against their costs of building the facilities in the first place so because they make sure to always declare a loss they will basically never pay the facilities off either.
That leaves them paying basically zero dollars to the Australian people for the gas they export overseas despite them making billions of dollars a year out of it.
For example Qatar is basically equal with Australia as the worlds largest LNG exporter but Qatar will earn over $20 billion in royalties and taxes from their LNG exports but Australia will only earn about $1 billion at best and that’s in the 2030s after the multinationals have written down their tax liabilities.
The Australian government also made sure to not have a gas reservation policy that would have withheld some of our gas for exclusive use by the Australian market ensuring that it all goes overseas wherever possible.