<The Bullroarer - Wednesday 16 January 2008TOD: Australia/New ZealandPower From The Depths>

3 comments on The Bullroarer - Wednesday 17 January 2008

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KOP on January 17, 2008 - 7:49pm Permalink | Subthread | Comments top

...oil and gas sector wants the Rudd Government to adjust company tax to reduce the effect of income tax...

To give any tax breaks or govt. assistance to the oil and gas sector would involve the govt. in a contradiction. We want to reduce CO2 emissions and we want to encourage exploitation of fossil fuels.

I suspect economic growth will trump morality, logic and everything else as we proceed to cook the planet.

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Big Gav on January 18, 2008 - 5:51am Permalink | Subthread | Parent | Comments top

Its the same everywhere - the industry is trying to get the same sort of tax breaks as it does in the US, where it is practically a taxpayer funded organisation as well as hugely profitable machine.

Look up "oil depletion allowance" and you'll realise what masters of soaking taxpayers these guys are...

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