this post was submitted on 24 Jan 2025

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TIL. Norway taxes oil companies 78% and we only take 5% royalties. (self.newzealand)

submitted 6 days ago by BalpeenHammer to c/newzealand

14 comments fedilink hide all child comments

That's why they are rich and we are poor I guess.

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[–] booganiganie@lemmy.world 8 points 5 days ago* (last edited 5 days ago) (1 children)

Could be worse You could be Australian! We subsidise them to take our resources 😀🙁

[–] shirro@aussie.zone 4 points 5 days ago

The moment we discuss resource tax reforms in Australia the mineral lobby will stage a coup and remove the PM. It is a stain on our democracy. Nothing anyone can do about it. They own the country and we just live here and do what we are told.