Home/global/Anthony Albanese rules out gas export tax on existing contracts and criticises ‘populist’ campaign

Anthony Albanese rules out gas export tax on existing contracts and criticises ‘populist’ campaign

globalApril 29, 20261 min readAttributed summary
Anthony Albanese rules out gas export tax on existing contracts and criticises ‘populist’ campaign
Prime minister says the middle of a global fuel crisis is ‘the worst possible time to jeopardise’ Australia’s partnerships with Asian trading partners
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Prime minister says the middle of a global fuel crisis is ‘the worst possible time to jeopardise’ Australia’s partnerships with Asian trading partners

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Anthony Albanese has confirmed next month’s federal budget will not include a new tax on existing gas export contracts as he criticised the “populist” campaign calling for a levy on producers.

As reported last week, the prime minister was poised to reject pressure to introduce a 25% tax on gas exports amid concerns the intervention could alienate the Asian trading partners Australia is relying on for supplies of diesel and petrol.

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Source: Guardian - World News

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