The latest corporate tax data released this week by the Australian Tax Office showed that, once again, major gas producers are paying no company tax.

This is despite claims that changes to the Petroleum Rent Resources Tax would deliver “more revenue sooner”; the PRRT in 2024-25 raised less tax than in 2020-21.

The Corporate Tax Transparency figures each year reveal the amount of company tax paid by Australia’s companies with more than $100 million in annual income.

For Australians dealing with a cost-of-living crisis due to soaring oil prices that have led to huge profits for gas companies, the figures are a slap in the face.

For the 11th year in a row, Santos Pty Ltd paid zero company tax. ZERO.

This is objectively false given Qatar alone generates five times more revenue from gas than does Australia, despite exporting slightly less LNG than Australia:

Again, that is false: In 2024-25, the government paid the oil and gas industry $85 million in fuel........

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