|
|
Article: Woodside cries foul on $2.5bn tax hit.
- Article from:
- Australasian Business Intelligence
- Article date:
- May 14, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Simon Evans and Nabila Ahmed and Michael Smith
May 14, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Australian oil and gas group Woodside Petroleum is one of the losers from the Federal Government's May 2008 Budget. One of the measures announced was the end to an exemption of condensate from excise tax that until now applied to the North West Shelf gas project. However, there are also many listed groups certain to see benefits arising from the Budget initiatives. Some $A41bn in infrastructure funding will be a boost to the construction and civil engineering industries, while child care centre operators will also be better off due to ...