BHP pays $9.1bn in taxes globally
Mining titan BHP said last week that it had paid $9.1-billion to its host governments in the 2019 financial year through taxes, royalties and other payments.
The miner says 78.7% of this amount, $7.1-billion, was paid in Australia.
A further $1.1-billion payment was made to the Chilean government and $253-million to the US government, followed by $53-million each to the UK and Canadian governments.
Over the past ten years, BHP’s global taxes, royalties and other payments amounted to $84.3-billion, $62.5-billion of which was paid in Australia.
BHP’s total economic contribution in the 2019 financial year amounted to $46.2-billion, with the miner contributing $29.5- billion to the Australian economy in the form of salaries, payments to suppliers, dividend payments and government taxes and royalties, as well as through social investment.
“As well as our direct economic contribution, we invested $7.6-billion into our business through the purchase of property, plant and equipment and expenditure on exploration.
“This investment typically has a multiplier effect by creating new jobs within our operations and also for the suppliers on whom they rely,” the company says.
The Queensland Resources Council said last week BHP’s contributions in Queensland had increased by more than A$100-million in the last financial year.
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