The Tax Justice Network (TJN) has criticised the failure of the federal government's review of the Petroleum Resource Rent Tax (PRRT) to recommend a new royalties regime to force the major gas corporations to pay their fair share of tax.
The review by former treasury official Mike Callaghan, instigated by federal Treasurer Scott Morrison last November, recognised problems with the existing PRRT system and recommended some changes for new liquified natural gas (LNG) projects.