Energy windfall tax offers much better economic relief than petrol excise, study finds
4 Oct 2022
As pressure mounts on the Albanese government to tax the super profits of oil and gas companies, a new Australian study says this kind of levy would be much more effective in delivering relief from high energy prices than a discount on petrol prices.
The study from Victoria University’s Centre of Policy Studies (CoPS) shows the six-month federal “policy experiment” to ease cost-of-living pressures by halving the fuel excise rate delivered only marginal benefits to the economy at a big cost to the national budget.
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