Windfall taxes get a breezy airing Down Under | Reuters

For starters, the changes only come into effect when the price of coal is really high. For anything over $175 a tonne, 20% is taken off the top, rising to 30% above $225 a tonne and 40% if it costs more than $300 a tonne.

It's a good model for others to follow, be that New South Wales, the Australian federal government or administrations abroad. And the beauty is that it kicks in when companies ought already to be raking in the cash. It's a fair trade worth emulating.

Publisher: Reuters

Date: 2023-06-14T06:01:36Z

Author: Antony Currie

Twitter: @Reuters

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