19/05/2026
Did you know about this?
While the rest of the nation gets hit with higher capital gains tax, there’s a special carve-out for foreign investors in renewable energy.
They get to keep the 50% CGT discount at a cost of $425 million to the taxpayer.
Foreign investors already don’t pay Capital Gains tax on shares and intangible assets. Why didn’t Chalmers crack down on them?
The answer of course is that the Labor party, like the Liberal party are controlled by foreign interests.!
But wait there’s more.
Under the capacity investment scheme underwriting agreements, if the actual revenue earned by a project is below the agreed revenue floor, the Australian government will pay the project operator 90 per cent of the revenue shortfall up to the agreed annual cap for 15 yrs. (see comments)
The Labor government will grant “whatever it takes” subsidies to ensure “renewable” energy is a part of the energy grid, no matter the cost to the taxpayer.
But in keeping with the government vibe of transparency the cost of the scheme can’t be disclosed and I quote.
“The CIS is listed in the budget papers as a contingent liability, alongside the Snowy 2.0 hydro electric scheme, which has already blown out in costs by billions.
According to the budget papers, "The Australian government's maximum liability and estimated payments under these (CIS) agreements are not for publication due to commercial sensitivities".
It’s not hard to see why the major parties are struggling. Wasting taxpayers money and refusing to disclose it has to stop.