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https://www.theguardian.com/business/grogonomics/2024/feb/29/australia-gas-export-tax-system-prrt-lng>
"In Hollywood everyone knows never to ask for a percentage of the film profits.
These so-called “monkey points” are the stuff of legends and mirth. Anyone
silly enough to demand a slice of profits will be waiting by the letterbox for
a cheque that will never come. Famously
Forrest Gump never turned a profit,
which is quite the achievement for a film that cost $55m to make and earned
$678m worldwide.
Given how we tax our gas industry, you get the feeling our gas companies love
the way Hollywood does business, and the government has not worked out that
they’re the silly ones waiting for a cheque that will never arrive.
Were we to tax gas appropriately we would have a much better chance to properly
fund new policies such as those in the universities accord final report
released on the weekend."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
