“Queensland LNG projects delivered $310.1bn total income for gas companies but they paid just $966m in company tax – or just 0.3% of total income (and all of that was paid by just one company).”
You can’t compare revenue to tax paid. Tax is paid on profits, not revenue. For many businesses COGS is a very large percent of revenue.
“Queensland LNG projects delivered $310.1bn total income for gas companies but they paid just $966m in company tax – or just 0.3% of total income (and all of that was paid by just one company).” You can’t compare revenue to tax paid. Tax is paid on profits, not revenue. For many businesses COGS is a very large percent of revenue.