Falling revenues led to the Turnbull Government review of the petroleum resource rent tax (PRRT) and related resource taxes. This research draws on data from public submissions to the review and enquires into the central concerns of industry and community submitters. The research framework of grounded theory has been selected as appropriate to the research aims of discovering the drivers around certain observed (social) phenomena and building a new and substantive theory/s in explanation. Findings show the petroleum industry has closed ranks around “no change”, while regional shire councils want PRRT revenue placed in a future fund. A coterie of trade unions, social justice groups and individuals pressed for the re-introduction of Commonwealth royalties for offshore gas projects that are currently only subject to the PRRT. Theories grounded in the data are presented to explain the impasse found in the submissions. This article is significant for its insights into the first government review of petroleum taxation since the 1980s.
|Number of pages||35|
|Journal||Australian Tax Forum|
|Publication status||Published - 1 Jul 2018|
- fiscal policy, Australia, petroleum, gas, taxation, resource rent tax, tax review, royalties.