BHP which absorbed Billiton is now absorbing Anglo American an international mining giant for A$60B. Aussie Joe Six-pack is not involved, his super holdings in BHP doesn’t change, they still own a share of mines scattered around the world. They just own a 30% smaller holding in a suite of global assets expanded by 30%.
The “tax the Internationals” mob will have a field day claiming BHP has an even lower % held by Australians so should pay more tax. It matters nought that they already pay plenty.
Economic contribution report 2023 | BHP
This made BHP one of the largest corporate taxpayers in Australia in FY2023. During the last decade, we paid US$94.2 billion globally in taxes, royalties and other payments to governments, including US$74.9 billion (approximately A$101.0 billion) in Australia.
