Tax rates for companies are 30% in Australia and companies like Chevron hasn’t paid and still won’t pay tax for another 7 years even though earning billions profit.
Unless your an accountant that specializes in big business tax rates can be deceiving.
Just from looking at the chamber of commerce page the first year of production the Capex is 100% deductable.
I am sure hiring Melanie Ross as Secretary this early into the project wasn’t a stroke of luck, it was to set up the company correctly at the start to minimize tax.
“Ms Ross is an accounting and corporate governance professional with over 18 years’ experience in financial accounting and analysis, audit, business and corporate advisory services in public practice”
I’m sure she is all over it like white on rice!
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