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02/02/24

21:07

Post #: 72214516
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Originally posted by Fishinnick ↑

That link in that post was from the A FR, the link i gave in the earlier post is a BHP public handout.

You can read the 2022 accounts if you like, 18.5 bn.

The public handout includes all the other costs they could scrounge up but the 18.5 bn 2022 figure is accurate for just direct taxes and royalties.

These companies don't always make money year after year either, the companies make mistakes with investments, pay too much at takeovers, get hit with commodity price slumps, borrow too much, the list goes on. Have a look at IGO's recent writedowns.

They pay lots of tax like 30% + when they make lots money, if they don't make any money they can't pay any tax, although they might still pay royalties i'm not sure exactly, if the government owned them they would still have the same problems if their managerial ability was the same and if the government owned them they would still need profit for Australians to benefit from it because if they don't make a profit all they're doing is keeping the business functioning and keeping the lights on and Australian would get no benefit without big profits.

BHp had all sorts of issues back in 2015 or 2016 from memory, SP got hammered because things weren't going real well.

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https://www.bhp.com/news/media-cent...utes-60-billion-to-australian-economy-in-fy23
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