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In just one year (2017-18), Australia’s imports of refined petroleum cost A$21.7 billion.
Crude petroleum cost us a further A$11.7 billion – that’s more than A$33 billion going to overseas companies who may pay limited tax to Australia.
The argument that electric vehicle motorists, who do pay GST on their electricity, may not pay any fuel tax is really a distraction asking taxpayers to look somewhere else instead of the big companies.
What’s more, the A$18 billion fuel tax goes to general revenue and isn’t pledged to road building.
Bongani Ndlovu