Revised Petroleum Resource and Rent Tax Expected to Generate $4 Billion Less Than Initially Projected
Reworked Petroleum Resource and Rent Tax raising $4 billion less than first thought The tax on oil and gas profits is expected to raise $4 billion less than the government forecasted when it first announced a rework of the tax in 2023. Last year Treasurer Jim Chalmers amended the Petroleum Resource Rent Tax, which applies […]
Republican Budget Bill Increases Oil and Gas Production, Eliminates Environmental Review | National
Republican budget bill boosts oil and gas production, scraps environmental review | National (The Center Square) – Republicans are using the budget reconciliation process to push through sweeping energy reforms despite Democratic opposition, including boosting oil and gas drilling on federal lands. During a bill markup Tuesday, the House Committee on Natural Resources outlined its […]
Finance Secretary: Cut in Import Duty Sends a Message to the World | Business News
Cut in import duty a message to the world, says Finance Secretary | Business News The government’s decision in the Budget to reduce import tariffs on a number of items is a conscious call to rationalise India’s trade tariffs, which had come under criticism, notably from US President Donald Trump, for being too high. Finance […]
Minister: Germany’s 2025 Budget Unlikely to Be Released Before Election
Germany 2025 Budget Unlikely Before Election: Minister Text size Germany’s government is unlikely to pass a 2025 budget before a snap election expected on February 23, newly appointed Finance Minister Joerg Kukies said Tuesday. “It is not realistic that the new federal budget for 2025 will be passed” before the general election, Kukies said at […]