100% Windfall Profits Tax Proposed for Australian Gas Giants

Former Treasury Secretary Ken Henry urges Albanese government to ignore 'self-serving' claims from gas companies and implement a 100% windfall profits tax.

Windfall Profits Tax: Former Treasury Chief Pushes for 100% Rate on Gas Giants

In a submission to a new parliamentary inquiry examining the gas taxation regime, former Treasury Secretary Ken Henry has made a strong case for a 100% windfall profit tax on gas companies. Henry rejected the industry's assertion that such a tax would heighten perceptions of Australia as a sovereign risk and freeze investment in new projects.

Instead, Henry argues that the

Windfall Profits Tax: Former Treasury Chief Pushes for 100% Rate on Gas Giants

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