The federal government already has a tax levied on gas profits. But while gas prices are rising, is the tax doing its job? | Tech Reddy

The federal government already has a tax levied on gas profits.  But while gas prices are rising, is the tax doing its job?

 | Tech Reddy

[ad_1] There has rarely been a better time to be an Australian gas exporter. The war in Ukraine has seen demand for Australian gas soar, and has pushed prices sky high. And Australia has a lot of gas to offer – it is one of the world’s largest exporters of LNG, and those companies that … Read more

Government reduces tax on profits made on crude oil; Increase tax on diesel export, ATF | Tech Reddy

Government reduces tax on profits made on crude oil;  Increase tax on diesel export, ATF

 | Tech Reddy

[ad_1] By PTI 01 November 2022, 22:46 IST (Published) The tax on crude oil produced by companies such as the state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs 9,500 per tonne from Rs 11,000, effective November 2, a government notification said. he showed. The government on Tuesday cut the excise duty … Read more

Government reduces tax on profits made on crude oil; Increase tax on diesel export, ATF | Tech Reddy

Government reduces tax on profits made on crude oil;  Increase tax on diesel export, ATF

 | Tech Reddy

[ad_1] By PTI 01 November 2022, 22:46 IST (Published) Mini The tax on crude oil produced by companies such as the state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs 9,500 per tonne from Rs 11,000, effective November 2, a government notification said. he showed. The government on Tuesday cut the excise … Read more