The head of the International Energy Agency has warned the Albanese government against sudden changes to corporate taxes, suggesting a proposed 25% export levy on windfall gas profits would spook investors. It was revealed last week that Anthony Albanese’s department has asked Treasury to model the effects of placing a flat 25% tax on gas exports, and to model possible changes to the petroleum resource rent tax (PRRT) and corporate income tax. The move comes as gas profits soar amid the global energy crisis sparked by the war in Iran, and could lead to changes as soon as the May
Trump news art a glance: president claims victory in Iran war as US prepares to deploy more troops
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