Shell Says Australia Resource Tax ‘Strikes Right Balance’
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Royal Dutch Shell Plc, among companies planning more than $40 billion of investment in Queensland gas projects, said Australia’s revised resources tax offers the appropriate benefits for the public and companies.
Prime Minister Julia Gillard, 48, reached a pact with mining companies on the tax proposals, ending a dispute that cost her predecessor Kevin Rudd his job. As part of the change, the 26-year-old Petroleum Resource Rent Tax will be extended to cover onshore as well as offshore oil and gas projects.