Ignore ‘self-serving’ claims from gas giants and implement 100% tax on windfall profits, Ken Henry says
by Dan Jervis-Bardy Chief political correspondent from World news | The Guardian on (#74YQ7)
Former Treasury secretary says the tax rate is socially optimal' in submission to a new parliamentary inquiry
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The former Treasury secretary Ken Henry says self-serving" claims from gas giants about the risks of windfall profits and export taxes should be ignored by the Albanese government as it weighs up the intervention ahead of next month's federal budget.
In a submission to a new parliamentary inquiry examining the gas taxation regime, Henry made the case for a 100% windfall profits tax as he rejected the assertion that any changes would heighten perceptions of Australia as a sovereign risk and freeze investment in new projects.
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