sandrew-0.bsky.social
👤 Joined on 09 fevereiro 2024
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Hang on, we forget - Rio Tinto Royalties: Aside from company dividends, Rinehart personally benefits from a long-standing, historic agreement forged by her father, Lang Hancock. This agreement pays an estimated $20 million annually in direct royalties
Show PostHancock Iron Ore Net Profit: Recorded a net profit after tax of A$1.79 billion Hancock Prospecting Group Net Profit: The broader parent company recorded a net profit after tax of $2.8 billion for the same financial period. She may have to buy the home brand champagne this month 🙄
Show PostAnd Rinehart's personal wealth increased by around $900 million over the same period to $39 billion. Absolutely no sympathy needed here. Amassing obscene wealth from exploiting Australian workers and natural resources? Pay up.
Show PostBoo hoo Gina. This so-called 'massive tax bill' of $2.3 billion is just 26 percent of Hancock Prospecting's $8.8 billion revenue from exporting Australian iron ore (a similar percentage to what an average worker pays in income tax).The company still made a $2.8 billion profit after tax...
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