{"id":530754,"date":"2026-03-10T09:42:10","date_gmt":"2026-03-10T09:42:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/530754\/"},"modified":"2026-03-10T09:42:10","modified_gmt":"2026-03-10T09:42:10","slug":"call-for-overhaul-of-petroleum-resource-rent-tax-to-capture-windfall-profits-from-gas-giants-like-woodside-and-santos","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/530754\/","title":{"rendered":"Call for overhaul of Petroleum Resource Rent Tax to capture windfall profits from gas giants like Woodside and Santos"},"content":{"rendered":"<p>Treasurer Jim Chalmers is likely to miss out on a major revenue boost to his deficit-ridden budget from surging oil and gas prices because of the government\u2019s ineffective tax on windfall profits, economists said.<\/p>\n<p>Economists said the escalating conflict in the Middle East bolstered the case to overhaul the petroleum resource rent tax paid by oil and gas giants, such as by introducing a cash flow levy which could deliver the budget tens of billions dollars in extra revenue.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Treasurer Jim Chalmers is likely to miss out on a major revenue boost to his deficit-ridden budget from&hellip;\n","protected":false},"author":2,"featured_media":530755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-530754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/530754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=530754"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/530754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/530755"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=530754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=530754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=530754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}