Fuel Tax Credit Scheme
Since word got out that the government was considering cutting back on the $2 billion handout to resource companies known as the Fuel Tax Credit scheme, there has been the normal outburst of complaint from the industry’s lobbyists.
In last week’s Financial Review, it was Australian Petroleum Production & Exploration Association’s turn to insist that any cutbacks to this boondoggle would result in risk to “billions of dollars in investment in oil and gas development”.
If this sounds familiar, it’s because you’ve definitely heard it before.
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