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We are a global energy company, founded in Australia and a significant taxpayer.
We pay our taxes, as and when due, in compliance with the law. We actively participate in several global ESG rating indices and our approach to tax is included within the leading group, relative to our industry peers.
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Our Australian tax contribution
The majority of our core producing assets are located in Australia where we generate most of our revenue and therefore pay the majority of our taxes.
Our Australian tax contribution over the last 5 years to 2022 is presented in the data table. This table formed part of the Sustainable Development Report.
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As a global energy company, we have activities in a number of jurisdictions around the world. We comply with the tax laws and regulations applicable to our business.
Our 2022 non-Australian taxes, royalties and production entitlements paid is presented in the data table.
The information contained in the 2020-21 Report of entity tax information illustrates that Woodside’s entities had income tax payable totalling approximately A$390 million, which as a percentage of taxable income is near the 30% corporate tax rate for large business.
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