@RAMBUNCTIOUSLIP @OtherSideAus And any business that gets the products it sells for free? Not being paid for gas is stupid. We can set whatever price we want. Eventually as it becomes more scarce and more expensive someone will pay it.
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Mathew Went
100 posts
So a guy named Woody was selling oranges on the side of the road.
A guy named Konrad pulls up and asks:
‘How much a kilo?’
‘Two bucks.’ Woody says.
Konrad says,
‘What about 5 kilos?’
‘I give you a discount’
says Woody -
‘Seven bucks all up.’
Konrad says -
‘So the more I buy,
the cheaper it gets?’
‘Yeah kinda’ says Woody.
So Konrad opens his boot
and says ,
‘Fill it up till it’s free.’
25% export levy/tax on gas exports
Keep demanding a bigger and bigger slice until the producers walk away and it really is free
- gas-free, coal-free
zero royalties, zero revenue for hospitals or schools.
Net-Zero 2030
The goal was never a fairer share. It was always to kill the industry.
When politics
becomes a punt
- Australians
still pay the price.
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There MIGHT be a case for SLIGHTLY higher royalties, but our panel explains clearly - with data - why calls for a 25% up-front royalty from the billion-dollar renewables lobby, the Greens, the Australia Institute and “Punters” Politics are really about shutting gas down.
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@GrahamY You have no rebuttal because your argument is weak and lacks any substance.
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@edgecrypto79 Sharp response. Confirms my priors. I don't normally attack the "person" but when they're spewing nonsense you know they have no substance.
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More Australia Institute BS. They'll stop at nothing to try to destroy the social licence to operate of the oil and gas sector. Private sector companies like Jemena and APA build the pipelines not the governments. But guess who is underwritten by the government - the Australia Institute. Not only don't they pay tax, but if you donate to them you don't pay tax either. Who's rorting the system?
Australia Institute@TheAusInstitute
The oil and gas lobby claims Australian governments take on no risk and pay no upfront costs in developing major energy projects. That narrative doesn’t hold up. Australians are tired of the gas industry not paying its fair share. ✍ Sign the petition: theaus.in/4dilxQl
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@GrahamY Ah can’t attack the content so you must attack the person. Do better. I have no affiliation to any group or political party. What about you?
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@edgecrypto79 35 followers? You must be a troll account. Are you owned by The Australia Institute?
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Only Labor will help families with the cost of living.
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@MJF9991 @TheAusInstitute @GrogsGamut Then give me all the land you own for free and I will pay you for it if and when I make a profit on it. Sounds dumb doesn’t it.
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@edgecrypto79 @TheAusInstitute @GrogsGamut Why are some Australians so ridiculously naive and stupid?
Sydney, New South Wales 🇦🇺 English
The Japanese PM is in Australia right now to talk about our gas exports.
She must be pretty keen to keep things how they are, considering Japan makes more revenue from Australia's gas exports than Australia does!
@GrogsGamut #auspol
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@YourBudTevin You can choose to jump off a cliff and there is a chance you and anyone else who jumps off the cliff dies. Or you can not jump off the cliff and live. The only way you survive jumping off the cliff to a possible death is if more than 50% jump too. Sounds like jumping is stupid.
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I’ve seen like 800 tweets about this but my simple way of thinking is:
If you choose blue, you don’t want anyone to die. It is impossible for anyone to die if you press blue.
If you choose red, you are afraid of others choosing red. The only way anyone dies at all is if you choose red.
When I read this, I actually don’t think about myself. I think about hurting the least amount of people. So I pick blue.
MrBeast@MrBeast
Everyone on earth takes a private vote by pressing a red or blue button. If more than 50% of people press the blue button, everyone survives. If less than 50% of people press the blue button, only people who pressed the red button survive. Which button would you press? BE HONEST.
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@AlboMP How much is she bribing you to let Japan make more money from our gas than we do?
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@S_GerardRennick They should be paid the average wage no more or less. This forces them to increase the standard of living for the average Australian, because that is what they are going to get. They get super like everyone else not the pension they currently get.
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Politicians in Australia are earning hundreds of thousands every year—far above the average worker.
Some people say they deserve it for the responsibility and pressure of running the country. Others argue that during a cost-of-living crisis, these salaries are simply too high.
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@MJF9991 @TheAusInstitute @GrogsGamut There won’t be a destruction of the industry. Eventually it will die because the resources are gone. The comparative price at the end will be higher than in the beginning due to increased scarcity. If we don’t get paid a bloody good price, we are being shafted.
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@edgecrypto79 @TheAusInstitute @GrogsGamut My problem is that the Australian Institute wants to destroy the Australian Industry and Fossil fuels with misinformation and lies.
Sydney, New South Wales 🇦🇺 English
@AlboMP @takaichi_sanae Wow tax payer dollars well spent on Albo planting trees. People can’t afford milk and bread, but we probably spent $1 million plus on planting that tree.
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Working together, we can create a more peaceful world.
Here at Nara Peace Park, Prime Minister @takaichi_sanae and I planted a tree in honour of that peace.
And we laid a wreath at the Shinzo Abe memorial.
Australia and Japan are bonded by our shared democratic values and this tree will remain a lasting symbol of our strong relationship. 🇦🇺🇯🇵
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@craigkellyAFEE The vast majority of Australians don’t care about negative gearing. Getting one house is hard enough. The only ones arguing about it, don’t need the tax break.
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Has Albanese ever told the truth about anything ?
Moondani@Moondani17
Albanese said on National Television that "negative gearing was off the table"in an election debate and look what's on the table as of right now. This man could not lie straight in bed. NO CONFIDENCE IN AUST LABOR PARTY. 🇦🇺🔥
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@MJF9991 @TheAusInstitute @GrogsGamut Why would we want to give away a finite resource for free? We want to be paid for what is ours. Otherwise I want my income tax to be after expenses, like companies.
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@TheAusInstitute @GrogsGamut This is wrong at so many levels and misinformation. Why do you want to destroy the Australian Gas industry ,Australian economy, Australian lives and livelihoods? You should be ashamed of yourselves. Who is controlling you, China?
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@RisingNomes @EstieMaddie Either way someone who wipes out the vast majority of the entire human race, doesn’t sound very trustworthy.
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@edgecrypto79 @EstieMaddie 8 people on Noah’s Ark, 8 blood types
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👶 MEET MY GRANDSON..
🤯 THIS IS WHAT AN UNVACCINATED 6.5 MONTH OLD FED ENTIRELY ON BREASTMILK (just started tasting foods) LOOKS LIKE!!
🛑 Stop listening to “doctors” and “science” and trust GOD.
BTW… not even ONE sniffle or cold.
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@RennickGBR You have mistakenly decided the only time to sell our gas is now. We could set the price of 25% and they can take it or leave it. This is a finite resource. If they take it when it is more profitable in 10,20 or 50+ years time it is better to get paid for the gas than not.
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“Australia's three largest foreign owned energy companies reaped combined profits of nearly $5bn in 2025, new disclosures reveal.
Chevron, the nation's largest LNG producer banked a $US1.8bn profit for the year to December 31, while ExxonMobil delivered a $1.66bn profit, up from $1.35bn, due to higher gas prices.
Energy giant Shell posted a net profit of $US261m for the same 12-month period, a steep fall from $US1.58bn the prior year. Shell also revealed a $US665m writedown on its Prelude floating offshore LNG project in Western Australia.”
••••••••••••••
It’s time to put some context around how offshore gas companies are taxed.
Return on Equity is the key metric used in business to determine if a project is viable for a given level of risk.
The Wheatstone Project cost $34 billion and the Gorgon Gas Field cost $54 billion dollars to build.
Banks who make over $40 billion a year pay Australians nothing for their banking licence.
If the gas companies had of invested $88 billion in a 5% term deposit they could have made $4.4 billion for doing nothing.
As it turns out they made an extra 1.5% by risking $88 billion on a high risk project.
Unlike a term deposit, their capital isn’t guaranteed so they will need to also earn the $88 billion back, over and above the 5% per annum to justify their investment.
Of the $88 billion invested in those two projects, billions of dollars would have been paid in wages and contracting fees.
The real question should be, were those wages and contracts paid to Australian residents who paid tax here in Australia or was the money paid directly offshore, escaping our taxation system.
People First will crack down on transfer pricing by increasing withholding taxes, not just on gas companies but all companies to ensure profits derived in Australia stay in Australia.
We will also charge a royalty of 10% not 25% to ensure the viability of gas exploration.
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@TaxPawspective One example is income splitting with spouse, children, etc. reducing the taxable income, by utilising the lower tax rates, when it is one person actually earning the income.
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@edgecrypto79 Would you mind sharing an example (eg who trust makes entitled to income, how much and associated tax treatment) to illustrate with some precision how you suggest tax is being avoided?
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Chris, you know this proposal hurts
the small end of businesses in trust structures most, right?
To illustrate, an individual hits a 25% average tax rate at ~$135k taxable income.
So a <$250k profit business, split between a couple, gets a big tax hike under this measure.
Chris Richardson@ChrisEconomist
TAXING TRUSTS – IS THE WASHING MACHINE CYCLE SET TO END? · John Howard thought about it a quarter of a century ago · Joe Hockey spoke out in favour of doing it a decade and a half ago · Labor went to an election with a policy of doing it a decade ago · Treasury has long wanted it to happen I have been sceptical the coming budget would tackle some long overdue reforms But the signs are getting better The government has announced a serious stab at tackling the NDIS, announcing changes that aren’t hugely different to those it campaigned strongly against in 2019 And now there’s a gathering drumbeat that the government may finally tax trusts as companies Yes, there are good reasons for trusts to exist. But they also create options to lower tax in ways that are simply not open to the vast bulk of Australians In particular, they allow (1) people to split incomes within families, and they allow (2) people to keep moving money between trusts and companies (in a signature move called ‘the washing machine’, much loved by tax accountants) That creates striking unfairness across Australians No, there is no perfect way to level this particular playing field. But be wary of stories that point out the ways in which a minimum rate of tax on trusts could be unfair. There will certainly be such cases. But there’ll be way more times where such a move fixes longstanding unfairness And that sounds good to me …
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@TaxPawspective Taxing trusts is similar to paying for insurance. If you want the insurance of the business being seperate from you, there is a tax for that safety. Whether or not you take out that insurance is up to you.
Trusts are being used to avoid paying taxes, this needs addressing.
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@edgecrypto79 If you think there is a practical likelihood of exposure to associated claims, having your business in a vehicle separate to you (eg trust or company) is always a good idea.
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@ClareONeilMP What percentage are you forcing to be owner occupied?
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We’ve secured a deal with the WA Government to deliver more than 34,000 new homes, including 11,000 exclusively for first home buyers.
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@HankJ666 You can choose to swim into an ocean where there is a chance you die. There is no gain of swimming in this ocean. The only benefit is if more than 50% of people take this dangerous decision no one dies. You can stay on land and are guaranteed to live. Which do you choose?
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Everyone pressing red is MATHEMATICALLY IMPOSSIBLE
51% pressing blue is realistic and easily achievable
Blue is the logical option, it's literally the "Everyone lives" button, pressing red and risking yourself to societal collapse just shows the inside of your skull is a void
Rock Solid@ShitpostRock2
High trust society is when you put your life on the line and hope that some stranger 10,000km away chooses the same illogical retarded option as you The entire point is that most societies are NOT high trust and will vote for their own interest. Don't trust them with your life
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