Graham Young and Damian Coory discuss what a 25% export tax would do to Australia's export gas industry.
The profit margin on gas is around 23% so in principle it would mean most exporters would go out of business.
So why would Greens and Independent senators be so keen on this tax if driving gas producers out of business isn't their intended aim? Especially as their case is based on assertions they must know are wrong.
If you think international companies get our gas for "free" and don't pay tax, or that the industry gets $14.5 bn worth of subsidies, or that the Japanese make more from our gas than we do, or want to check anything else you've heard about the industry, this is a video for you.
Link to FULL SHOW here: https://youtu.be/Fdcu2CKuYCw
