Japanese government-majority owner of Darwin's Ichthys LNG: A$36bn of revenue over eleven years, under A$500m of tax, and no PRRT projected until the 2030s.
Estimated flow offshore, each year
≈A$3.3bn/yr
Flowing to Japan. Ichthys: A$36bn revenue, under A$500m tax over 11 years.
vs
Corporate income tax paid · 2023-24
A$0
Darwin's Ichthys LNG paid zero corporate tax for the sixth year running, and has never paid resource rent tax on its exported gas. ATO Corporate Tax Transparency 2023-24.