Murdoch’s Tax Whinge, Exxon’s Gas Heist and Labor’s Budget Panic | The West Report

Check out: https://taxdata.michaelwest.com.au/data_analytics

The Australian media has gone into full budget meltdown mode, with front pages screaming about death taxes, trust uncertainty and Labor betrayal.

But while the Murdoch press and the Financial Review whine about modest tax changes, the real fruit lies elsewhere entirely; Multinational gas giants make billions of dollars from Australian resources while paying little back to the public.

Michael West looks at the latest ExxonMobil Australia accounts, the figures the gas lobby doesn’t want discussed and why the real budget scandal isn’t small business confidence changes but the ongoing failure to properly tax companies exporting Australia’s gas. #auspol #budget

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Departments
00:00 Budget hysteria reflected in newspapers
01:36 Murdoch’s zero tax record
03:44 ExxonMobil’s $15.8 billion revenue
09:39 $1 billion dividend