WDS 0.41% $27.26 woodside energy group ltd

Windfall tax, page-58

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    Yes we as citizens and owners of the resources want just returns, however if we over tax those resources we will lose. It's a global market for these companies and if we price our resources out of that global market they will simply go to other countries that offer a better deal. In the end what is paramount to a companies is to increase shareholder wealth. There are many dimensions to generating that wealth from resources tax, labour cost, transport costs, etc etc however a resources tax is an underlying determinant of whether there would be an intent to do business. It may be more palatable to tax the outputs rather than the inputs.
 
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