Diversified miner BHP has contributed some A$60-billion in economic value to the Australian economy in the 2023 financial year, of which A$18-billion was spent in taxes, royalties and other payments to the Australian government, bringing the miner’s tax and royalty payments to over A$100-billion in Australia over the past ten years. BHP remains one of the largest taxpayers in Australia and expects to fund approximately 8% of total Australian company tax for the 2023 financial year, at an adjusted effective tax rate of 32.1% rising to 44.9% when royalties were included.
PERTH – Diversified miner BHP has contributed some A$60-billion in economic value to the Australian economy in the 2023 financial year, of which A$18-billion was spent in taxes, royalties and other payments to the Australian government, bringing the miner’s tax and royalty payments to over A$100-billion in Australia over the past ten years.
BHP remains one of the largest taxpayers in Australia and expects to fund approximately 8% of total Australian company tax for the 2023 financial year, at an adjusted effective tax rate of 32.1% rising to 44.9% when royalties were included. BHP operated projects contributed 10% and 11% of all revenue in Queensland and Western Australia, respectively.
In its 2023 Economic Contribution report, BHP pointed out that the company had spent A$19.1-billion on Australian suppliers, including A$400-million with Indigenous suppliers as part of its commitment to invest A$1.5-billion with Indigenous businesses by the end of June 2027.Some A$17.5-billion was paid in dividends to Australian shareholders, with more than 17 million Australians benefit from BHP dividends either directly as shareholders or indirectly through superannuation.
The BHP FutureFit Academy, launched in 2020 with a A$300-million commitment to create 2 500 new traineeships and apprenticeships over five years, has to date welcomed more than 1 100 people and turned out 500 graduates who have joined BHP in permanent jobs.
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