Andrew Hastie open to 25% tax on gas profits and says multinationals have ‘had a really good run’ on Australian wealth
Analysis Summary
- Propaganda Score
- 30% (confidence: 60%)
- Summary
- The article discusses Liberal frontbencher Andrew Hastie's openness to a 25% gas profit tax and a sovereign wealth fund to address Australia's economic future. It covers reactions from political figures, industry groups, and experts, while contextualizing the proposal within global energy tensions and economic concerns.
Topics
Fact-Check Results
“Gas giants have signalled they will fight any new tax. Lobby group Australian Energy Producers said a new export levy would come at the 'worst possible time for Australia’s economy and energy security'.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about gas industry opposition to taxes
“The proposed new gas tax is being championed by the Greens, crossbencher David Pocock and campaign groups.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about supporters of the proposed gas tax
“Pointing to Norway’s sovereign wealth fund – the largest in the world, with assets worth more than $US2.2tn ($A3.2tn) – Hastie said Australia needed to better plan for its own economic future.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about Norway's sovereign wealth fund assets
“Liberal frontbencher Andrew Hastie says he is open to a new 25% tax on soaring gas profits as part of a Scandinavian-style sovereign wealth fund to strengthen the federal budget amid the global energy crisis.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive to verify or refute claims about Andrew Hastie's position on gas taxes
“Budget leaks suggest the Albanese government is modelling the effects of placing a flat 25% tax on gas profits, as well as possible further changes to the petroleum resource rent tax (PRRT) and corporate income tax.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive to confirm government modeling of tax proposals
“The moves by the Department of the Prime Minister and Cabinet and Treasury come at the same time as dire warnings about the economic fallout from the US and Israeli-led bombings of Iran.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about economic warnings related to Iran bombings
“Hastie, the shadow minister for industry and sovereign capability and a Western Australian MP, said there was growing community concern about the large profits of resources giants.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive to verify Hastie's comments on community concerns
“Hastie’s position could also put him at odds with senior Liberals, including the opposition leader, Angus Taylor.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about potential conflicts with Liberal figures
“The shadow treasurer, Tim Wilson, last week said it would be 'next-level denial to think the answer to a fuel and energy crisis is added new taxes because it will just freeze investment and private jobs growth'.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about Tim Wilson's comments on taxation
“The head of the International Energy Agency, Fatih Birol, warned the Albanese government this week that sudden changes to corporate taxes would spook investors.”
❓
INSUFFICIENT EVIDENCE
— No evidence in archive about Fatih Birol's warnings to the government
“Hastie said he believed the US president, Donald Trump, was 'overconfident' in launching the 28 February attacks, after being buoyed by the success of bombings of Iran’s nuclear sites last year, and the US operation to capture Venezuela’s president, Nicolás Maduro, in January.”
❓
PENDING
“David Pocock asserts that Australia's gas belongs to the Australian people.”
❓
PENDING
“Cassandra Goldie supports a 25% levy on gas exports to generate $17bn annually for public investments.”
❓
PENDING
“Hastie said the post-cold war rules-based order is dead 'and in the cemetery, alongside it, is buried the peace dividend, which was the basis of our trade and our prosperity'.”
❓
PENDING