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Gas sector grew 12-fold in a decade to $60b but tax take flatlines

2015-11-18 07:03:32| Energy - Topix.net

A federal tax designed to share profits from the oil and gas sector with the Australian public is barely raising a single extra dollar despite the industry's transformation from a $5 billion concern a decade ago to a $60 billion export powerhouse. With Australia poised to become the world's biggest exporter of liquefied natural gas by 2018, a Fairfax Media investigation has found revenues from the petroleum resource rent tax will remain stuck at 2003/04 levels as producers access wide-ranging tax deductions to recoup some of the $200 billion they have invested.

Tags: take tax gas sector

 

Gas sector grew 12-fold in a decade to $60b but tax take flatlines

2015-11-17 11:33:06| Oil & Gas - Topix.net

A federal tax designed to share profits from the oil and gas sector with the Australian public is barely raising a single extra dollar despite the industry's transformation from a $5 billion concern a decade ago to a $60 billion export powerhouse. With Australia poised to become the world's biggest exporter of liquefied natural gas by 2018, a Fairfax Media investigation has found revenues from the petroleum resource rent tax will remain stuck at 2003/04 levels as producers access wide-ranging tax deductions to recoup some of the $200 billion they have invested.

Tags: take tax gas sector

 
 

Toys have best year in a decade

2015-11-15 01:47:03| Toys - Topix.net

The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over Barbie and stuffed bears. Annual toy sales are projected to rise 6.2 percent to $19.9 billion in 2015, according to The NPD Group Inc., a market research firm that tracks about 80 percent of the U.S. toy market.

Tags: in year toys decade

 

Toys have best year in a decade

2015-11-10 17:07:31| Toys - Topix.net

The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over Barbie and stuffed bears. Annual toy sales are projected to rise 6.2 percent to $19.9 billion in 2015, according to The NPD Group Inc., a market research firm that tracks about 80 percent of the U.S. toy market.

Tags: in year toys decade

 

The Rise of Renters: Housing in the Decade Ahead

2015-11-03 09:00:00| National Real Estate Investor

There are now more Americans renting than at any other time in U.S. history. read more

Tags: the rise ahead housing

 

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