Think you'll find the tax is on assets within Australia not overseas. How the Govt can tax an asset domiciled overseas is debatable. Not sure how a BHP would administer that given the numerous assets all over the world. The devil will be in the detail.
And remember it's a Super profit tax, if DRA's 6 million cash flow is super profits then all miners will be very unhappy with the tax.
tax grab, page-2
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Mkt cap ! $103.6M | |||
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