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To: The Australian Parliament

Demand an Inquiry into Lost Oil and Gas Tax Income

#VICTORY! The Sydney Morning Herald is reporting that "tax avoidance by multinational oil and gas companies - and the rigour with which the federal government ensures they pay a fair share for the offshore riches they exploit - will be put under the spotlight of a Parliamentary inquiry."

Thanks to everyone for taking action - we handed in your petitions in person last week. Being able to demonstrate community support for the inquiry was a critical factor in our success.

For more information, visit http://www.taxjustice.org.au/civil_society_calls_for_inquiry_into_prrt

We call on the Australian Parliament to hold an Inquiry into why the PRRT won't collect any significant income despite Australia becoming the world's largest gas exporter in the next few years; and to recommend measures to ensure the people of Australia benefit from the exploitation of our own natural resources.

Why is this important?

Australia is essentially giving away its offshore oil and gas to multinational corporations for free.

Stunning media reports have revealed that the primary tax on oil and gas (the "PRRT") is projected to fail to collect any meaningful income despite Australia becoming the world's largest gas exporter [1].

Lost tax income means lost opportunities to properly fund schools, hospitals and childcare centres; boost Newstart back above the poverty line; and build critical infrastructure for the 21st Century.

The Tax Justice Network, in partnership with over 20 civil society organisations including ACOSS, the ACTU and leading environment groups, is calling on the Australian Parliament to hold an Inquiry into the failure of the PRRT to collect meaningful income, and to ensure that the Australian people benefit fairly from the exploitation of our own natural resources.

References:
[1] http://www.smh.com.au/federal-politics/political-news/turnbull-government-called-on-to-explain-where-australias-offshore-gas-wealth-is-going-20161009-gryaoi.html

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Updates

2017-02-15 09:14:20 +1100

Petition is successful with 7,516 signatures

2016-11-30 14:06:06 +1100

Petition is successful with 7,491 signatures

2016-11-29 16:10:36 +1100

#VICTORY! The Sydney Morning Herald is reporting that "tax avoidance by multinational oil and gas companies - and the rigour with which the federal government ensures they pay a fair share for the offshore riches they exploit - will be put under the spotlight of a Parliamentary inquiry."

http://www.smh.com.au/federal-politics/political-news/oil-and-gas-giants-to-face-parliamentary-inquiry-into-the-tax-and-royalties-they-pay-20161129-gszyob.html

Thanks to everyone for taking action - we handed in your petitions in person last week. Being able to demonstrate community support for the inquiry was a critical factor in our success.

For more information, visit http://www.taxjustice.org.au/civil_society_calls_for_inquiry_into_prrt

2016-11-02 19:23:24 +1100

5,000 signatures reached

2016-10-15 10:18:06 +1100

1,000 signatures reached

2016-10-14 06:46:51 +1100

500 signatures reached

2016-10-12 02:50:16 +1100

100 signatures reached

2016-10-11 22:35:37 +1100

50 signatures reached

2016-10-11 21:54:52 +1100

25 signatures reached

2016-10-11 21:25:27 +1100

10 signatures reached