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flag Unions urge Australia to replace LNG tax with 25% levy, citing $17B in potential revenue for housing.

flag The Australian Council of Trade Unions is pushing the Albanese government to replace the current petroleum resource rent tax with a 25% flat levy on all LNG exports, claiming it could raise $17 billion annually—enough to build 50,000 social homes. flag The union argues the existing tax system allows major companies to avoid fair payments, with only $300 million collected from $70 billion in LNG exports in 2023–24, or 43 cents per $100. flag Despite a government overhaul to improve collection, revenue fell. flag The government is also behind on its 1.2 million homes by 2029 target, now 60,000 units short. flag Business groups urge tax reforms to boost investment, such as expanding instant asset write-offs, while Chevron Australia says it has paid over $20 billion in taxes since 2009 and supports stable tax policies.

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