Richard Denniss is calling for a gas export tax, but an effective royalty system would be a better option

Pruthvi Sagar/Unsplash Richard Denniss is an economist and head of the Australia Institute, a Canberra-based policy think tank. His monograph More Fool Me: How the Gas Industry Tricked Australia is an impassioned plea for ordinary Australians to lobby relevant federal ministers to more effectively tax the export gas industry. The ineffectiveness of the current Petroleum Resources Rent Tax (PRRT), which also covers gas, is evident in the dismal tax revenues. This could have been further…