Log in

BECOME A MEMBER

We are a leading professional body for tax professionals, we pride ourselves on the commercial relevance of our programmes.

REGISTER NOW!

Anglo American details more than $25 billion tax and economic contribution in 2020

04.05.2021 21:04 | Innocent Chimbavaira (Administrator)

Anglo American Platinum (Amplats), the owners of Unki Platinum Mine located in Zimbabwe today released its seventh annual Tax and Economic Contribution Report, with a detailed breakdown of the company’s contributions across all its major operating jurisdictions, amounting to more than $25 billion in 2020.

In a year that was ravaged by COVID-19 induced lockdowns that crippled business activity, the contribution was down from the previous year, when Amplats made a total tax and economic contribution of $28.5 billion.

Amplats Chief Executive Officer Mark Cutifani said, “Our annual Tax and Economic Contribution Report helps our stakeholders more fully understand the breadth of our role in society.

“The enduring positive impact of a business can only be properly assessed when you consider the total footprint of its contributions. It is with this transparency that we seek to build trust as a corporate leader in our industry – a key pillar of our Sustainable Mining Plan.

“The positive contribution we bring to the countries where we operate extends far beyond the taxes and royalties we pay. The high quality of employment that we provide and the associated wages, the money we spend with local suppliers, our corporate social investment, and our capital investments all support the fabric of many economies.

“In 2020, our contribution amounted to more than $25 billion, demonstrating the extent to which we continued contributing to the communities and countries where we work – both economically and socially – staying true to our Purpose as a business.”

Zahira Quattrocchi, Group Head of Tax at Anglo American, adds:

“Paying taxes is a central responsibility for sustainable businesses. Transparency around those taxes is also critical and, for Anglo American, is a dialogue we aim to continue to lead.

“We see our Tax and Economic Contribution Report not only as an opportunity to provide the detail of what we contribute, but also as an opportunity to explain the principles and values that underpin our broader approach, how we govern that approach, and how we engage with our stakeholders.”

The breakdown of Anglo American’s total tax and economic contribution in 2020 is set out below:

 Total taxes borne and collected            $5.3 billion
 Wages and related payments                $3.6 billion
 Corporate social investment                  $0.1 billion
 Total procurement                                   $12.6 billion
 Capital investment                                   $4.1 billion
 Total                                                            $25.7 billion

The Company has a primary listing on the Main Market of the London Stock Exchange and secondary listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange and the SIX Swiss Exchange.

Equity Axis News

Comments

  • 31.05.2021 14:48 | AnthonyTag
    Никаких продаж, партнерок, заказов и Kwork. Идеальный заработок без вложений!
    автодоход до 130 000 рублей в месяц https://bit.ly/3wjIev6
    после запуска системы вы будете получать доход, как минимум еще 10 лет
    - зарабатываете на обычных картинках.
    - копируету картинку из указанного источника
    - загружаете картинку на сервис
    - делаете настройки по инструкции
    - выводите деньги
    - пожизненный пассивный доход
    Перейти для оплаты https://bit.ly/2RtQ9Hq
    Link  •  
    Author
    Comment
     
  • 12.07.2021 14:31 | Tokyo Olympics Live
    Watch Tokyo Olympic Games Live Streaming Online
    You can watch Tokyo Olympic Games Live Streaming Online. Tokyo Olympics scheduled to be held from 23 July to 8 August 2021 in Tokyo, Japan. https://tokyoolympic-games.com/
    Link  •  Reply
  • 14.07.2021 14:44 | Bengals Game Live
    Cincinnati Bengals https://bengals-game.com/ game live stream free online. How to watch Bengals football Game live stream, today/tonight & Find Bengals Football schedule, news update.
    Link  •  Reply
  • 17.07.2021 10:48 | Tokyo Olympics Game Live 2021
    Olympics Live Streaming Watch Tokyo Olympics 2020 Online
    Olympics Live Streaming Online. https://watcholympicslive.com/
    How to watch Summer Tokyo Olympics 2020 Softball, Surfing, Karate, 3x3 Basketball, Athletics, Badminton, Boxing, Golf, Handball, Judo, Surfing, Swimming live stream & news update.
    Link  •  Reply
  • 03.09.2021 08:51 | Florida state football live
    Florida State Football Live
    Florida State Football <a href="https://floridastatefootball.org/">fsu football game live</a> live stream free online.
    How to watch Florida State Seminoles football games live stream today/tonight & Florida State Football schedule, news. #FloridaStateFootball #FloridaStateSeminoles
    <a href="https://floridastatefootball.org/"; rel="nofollow">florid state ncaa football</a>
    Link  •  Reply


11 Morton Jaffray Drive, Eastlea, Harare       |       Cell: +263 775 011 797, 733 276 287       |       Tell: +263 4 747120, 747185, 747 162