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flag Australia weighs gas windfall tax to ease energy costs amid Middle East tensions.

flag Australia is considering a windfall tax on gas company profits amid rising energy costs tied to the Middle East conflict. flag While no decision has been made, the government has tasked the Treasury with modeling potential levies and reforms to the petroleum resources rent tax. flag Final decisions will be made by Treasurer Jim Chalmers in the May federal budget, as the government evaluates options to address high energy prices and ensure fair contributions from the energy sector.

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