Big Oil, little tax: Why the fossil fuel giants didn't complain about the resource tax

By Elizabeth Knight
Updated December 1 2016 - 9:08am, first published 12:15am
Scott Morrison was embarrassed into taking a look at the Petroleum Resource Rent Tax. Photo: Alex Ellinghausen
Scott Morrison was embarrassed into taking a look at the Petroleum Resource Rent Tax. Photo: Alex Ellinghausen
Where royalty-based taxes are based on revenue, the PRRT is a profit-based tax. Photo: James Davies
Where royalty-based taxes are based on revenue, the PRRT is a profit-based tax. Photo: James Davies

How can the government know the Petroleum Resource Rent Tax is being rorted by companies? Easy: The petroleum industry isn't complaining about it. Oil and gas companies are not lobbying to have it changed or removed.

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