[mmerlin]

Trillions lost if you compare Australia with Norway or Qatar resource tax levels.

$4.125 billion per year is one loss estimate between 2012 and 2020.

i.e. $33 billion over 8 years according to this parliamentary document (in the pdf there)

https://www.pbo.gov.au/publications-and-data/publications/co....

In this case the 2012 the Liberal party repealed a freshly enacted resources tax, after being voted back into power with scare campaigns "ax the tax" being one of them, except ironically it was actually income for the country, and a tax on the profits of resource extractors.

$4.125 Billion dollars PER YEAR gifted to extractors by the Liberals.

No wonder they all get given nice "jobs for our mates" at the resouce extractors after they get voted out.