Being open about taxes and royalties we pay to governments helps build trust with our shareholders, employees, customers, the communities where we operate and other stakeholders.
We have disclosed details of our tax and royalty payments for more than 20 years and during that time we have continually updated and expanded our disclosures.
We recognise taxes are important sources of government revenue and are central to the fiscal policy and macroeconomic stability of countries.
Paying the right amount of taxes and royalties enable governments to finance and deliver on national development plans for the benefit of the broader community to promote sustainable economic growth, full and productive employment, reducing poverty and inequality within and among countries.
In our view, such transparency helps build public confidence in the integrity of tax systems, and enables an informed debate on the effectiveness of tax policies and the contribution we do and should make in the countries where we operate.
Economic Contribution Report 2022
Our Economic Contribution Report 2022 discloses the payments we have made to governments during the 2022 financial year on a country-by-country and project-by-project basis. We also disclose:
- our approach to tax
- our approach to tax governance and risk management
- our approach to compliance
- our approach to stakeholder engagement, including tax authorities