Bhp Billiton Ltd Petroleum Company

Question: Discuss about theBhp Billiton Ltdfor Petroleum Company. Answer: BHP Billiton, an Anglo Australian multinational mining, metals and Petroleum Company with its head office in Melbourne, Australia. As per the market value of 2015, BHP is considered to be the largest mining company globally and in terms of revenue the fourth largest company in Australia. Formed in the year 2001, the Company was born out of a merger between BHP, an Australian company and an Anglo Dutch company named Billiton Plc. The company is listed in two stock exchanges i.e in the Australian stock exchange and in the London Stock Exchange as well. The companys global headquarters as well as Australian registered corporate office both are situated in Melbourne. However the said headquarter is in relation to the entire group and the company registered in Australia. However it has another office located in London of BHP Billiton Plc. The company basically is a part of the mining industry and also operates into oil and gas production as well. BHP has basically four main divisions of its operations which are Iron Ore, Coal, Petroleum and Potash and Copper. It provides employment to 26827 people in Australia which comprises of employees from its various subsidiaries as well and employs 41000 people across the 25 countries in which it operates (Statista.com., 2016). The regulatory framework with regards tax is not very convincing for the corporations. Since BHP Billiton is a resident company of Australia, he is forced to pay tax on the entire income that it earns worldwide and capital gains as well after taking into consideration the various exemptions. The biggest problem from the present tax regime in Australia is that the greater the value the company creates in the global market, the higher amount of taxes and royalties it has to pay in Australia where it is operating mainly. Unfortunately, BHP is paying a tax of about 58 percent of the total profit it had earned by marketing in Singapore which were related to Australian commodities. Therefore in the past decade the company ended up paying for A$1 billion which was very disheartening for the company (IBISworld., 2016). Thus the tax system in Australia is very complicated wherein BHP Billiton- a multinational company operating and incorporated in Australia is bound to pay a tax of 30 percent. The country has a very broad based company tax regime which rules to tax the assessable income basis the territory where the income is being earned. Thus if the assessable income is earned within Australia then the profit is subject to taxes as per the Australian company tax rule and where the income is earned outside Australia, then the same is generally exempt from being taxed only if the profits were actively earned. But unfortunately in some circumstances the companies are required to pay top-up taxes to the government of Australia on send back earnings as per the ruling laid down by Controlled Foreign Company rules due to which BHP had to pay such top-up tax on the incomes it repatriated from the Singaporean marketing hub (Bhpbilliton.com., 2016). Thus the Australian tax rules and regulations has impacted BHP in a major way wherein it has ended up paying much more than just 30 percent of the total earnings as tax (Lawandtax-news.com., 2017). A major assessment of the same is undertaken by BHP Billiton Iron Ore so as to understand the implications on Matters of National Environmental Significance since it is mainly into performing operations into the iron ore and oil and gas segments which pose major threats to the safety of the environment. They are reviewing the said arrangements which are connected with the expansion of the new iron ore mines, the road and rail network attached to such a development, the expansion of the mines which are already running and activities in relation to closing down of the existing operative mines. Therefore in the year 2012, BHP Billiton Iron Ore Pty Ltd. signed an conformity with the Australian Government to ensure undertaking of a strategic evaluation of the implication of the development of iron ore mines in future and the various infrastructure attached to it in the Pilbara region of Western Australia with regards the National Environmental Significance. The said agreement was formulat ed in accordance with Section 146(1) of the Environment Protection and Biodiversity conservation Act 1999 which help to evaluate the implications of executing the actions as per the policy. BHP Billiton Iron Ore continues to develop more iron ore mines and the attached infrastructure to these mines and also to uphold the present Pilbara business in upcoming time period as well. The impact of the said agreement is that it would give capacity to take into account the total implications in the Pilbara region and thus help gain the landscape scale environmental outcomes which would comprise of the submission of an efficient approach to manage the surrounding and important offsets as well. Therefore the said agreement signed by BHP will have an implication on the company to the extent that it will have to ensure that all its activities are undertaken after due consideration of the agreement and the fact that no provisions are ignored or not adhered to (Australian Government Department of the Environment and Energy, 2012). Thus, BHP Billiton, one of the largest mining company of Australia is a multinational corporation operating in various countries smoothly. However the Australian regulatory framework with regards the taxation issues are so complicated that the company is often seen giving tax much more than the prescribed percentage and in some cases is even taxed twice. Lastly, in order to safeguard itself from the potential environmental hazards, the company is entering into various agreements and arrangements so as to be able to comply with them along with continuing its expansion policies with ease. The segment in which BHP operates is very sensitive towards the environment in which it dwells as mining causes a lot of environmental hazards which needs to be taken care of in a strategic manner. References: Australian Government Department of the Environment and Energy, (2012), Strategic Assessment of BHP Billiton iron ore expansion for the Pilbara, Available at https://www.environment.gov.au/protection/assessments/strategic/wa-pilbara-bhp (Accessed 26th April 2017) Bhpbilliton.com., (2016), Taxation in Australia, Available at https://www.bhpbilliton.com/-/media/bhp/documents/society/operating-with-integrity/fact-sheet--taxation-in-australia.pdf?la=en (Accessed 26th April 2017) IBISworld., (2016), BHP Billiton Limited- Premium Company Report Australia, Available at https://www.ibisworld.com.au/australian-company-research-reports/mining/bhp-billiton-limited-company.html (Accessed 26th April 2017)` Lawandtax-news.com., (2017), Corporate Multinational Taxation, Available at https://www.lawandtax-news.com/html/australia/jozlatcorp.html (Accessed 26th April 2017) Statista.com., (2016), Number of Employees at BHP Billiton from 2012 to 2016 by region, Available at https://www.statista.com/statistics/274234/number-of-employees-at-bhp-billiton-by-region/ (Accessed 26th April 2017)

Thomas McCormack Essays - Indian Religions, Automation, Buddhism

Thomas McCormack Professor Sharon LaRue ATA 134-801 9 December 2017 Automation in the Workplace: The Future of Economics, Culture and Morality The idea that robots or machines will one day break free from their mechanical shackles to rise up and enslave the human race; the very source of their existence, is by no means a cutting-edge discussion. In fact, even as far back as Ancient Greece, myths such as the golden robots of Hephaestus began to appear, and many ancient civilizations featured realistic humanoid automatons that the faithful believed imbued within these statues, were very real minds, capable of wisdom and emotion. (McCorduck, 2004) Now, the topics discussed in the New York Times article: "The Robots Are Coming for Wall Street" by Nathaniel Popper may seem like a far cry from popular science fiction like 2001: A Space Odyssey, but in reality this could just be the beginning. The article follows Daniel Nadler, CEO of a relatively new company called Kensho. Kensho, a Japanese Zen term which means: To see nature', is a data analytics and machine intelligence company, with the company's vision direct from their own website being: "we believe that our civilization's newest technology --machine intelligence--can and should be used to better understand our oldest human systems." Nadler predicts that between a third and a half of employees in the finance industry during the next decade will lose their jobs due to emerging automation software like Kensho, and it's not exclusive to the lower-paid, less skillful positions that one may expect. Automation, in the finance industry, has now moved on to research and analysis, as software like Kensho has become increasingly more sophisticated and capable of dissecting enormous data sets faster and more reliably than humans. Software written by the company Kensho, can automatically predict how markets will move in response to different world events, such as the escalation in the Syrian Civil War for example. It can generate a report that "would have taken days, probably 40 man-hours, from people who were making an average of $350,000 to $500,000 a year", Nadler told the Times. The New York Times article also references an Oxford study from 2013 called: "The Future of Employment: How susceptible are jobs to computerization?" In this piece, different jobs were assessed as to how susceptible they would be to computerization. Based on their estimates of future expected impacts of computerization in the workplace, they predict that about 47 percent of total US employment is at risk (Frey and Osborne, 2013) The emergence of companies like Kensho further support the findings that were discussed in this somewhat controversial study from 2013. Some may argue that the impact of computerization on labor market outcomes is well established in the literature, which documents the decline of employment in routine intensive occupations (Frey, 2013) is something to be weary over as it will potentially increase unemployment levels. While cutting out a large percentage of the jobs that exist today may seem like a severely negative impact on the surface, automation of many of these occupations could prove to actually be more beneficial to the future of the work force. If we were to make an ethical decision based on the utilitarian rule, and pursue an outcome that produces the greatest amount of good for the greatest amount of people (George, Jones, 2016, p. 91), it would behoove oneself to examine some of the potential benefits of automation and computerization in not only the financial marketplace but many other workplaces. Product quality and output could be expected to rise; a benefit of automation and computerization is freedom f rom fatigue. With either robots or programs, companies produce the same product the same way, with virtually no variation. Freeing up human input from mundane repetitive tasks can also help free up employees to focus on the jobs that require critical thinking rather than busy work to name just one other benefit. Many man hours would be saved through automation of menial tasks that don't require much effort from employees. Through algorithm inputs and other data sets, companies can implement programmed decisions that have been made so many times in past that managers have developed rules or guidelines around them (George, Jones, 2016, p. 164), allowing employees to

Sample Essay About Dogs and Cats

Sample Essay About Dogs and CatsWriting a sample essay about dogs and cats can be a little tricky, especially if you do not know how to write a good comparison. There are certain elements that you must be familiar with to ensure that your comparison is accurate. To make this process easier, I have put together a brief guide to helping you write a good comparison essay on dogs and cats.One of the first things you must do is to define the general idea you want to compare. This may sound easy, but many people seem to forget about this important step. Some students seem to just throw up their hands and give up when this step comes up.When you have decided on the general idea you want to compare, you need to think about what your sample should contain. For example, if you are comparing a dog to a cat, then you need to state in your essay what characteristics they share. You may even find it helpful to draw a picture or two to help convey the idea. What is the general idea you want to comp are?If you are using sample essays for student's essays, then the best way to make sure that your choice is both interesting and informative is to limit yourself to one general concept. You do not want to start a new topic with every essay that you write. The same goes for a comparison between dogs and cats.Next, think about how you are going to compare the dogs and cats. Do you want to compare colors, size, or intelligence? Make sure that when you use one of these as a criteria that it still stands out from the others.For example, when you compare a dog to a cat, you may be able to see some of the dogs or cats' smaller features, such as their tails or ears. But what if you were only able to see a few of the smaller details, but saw them clearly in one of the animals? Then the comparison is very flawed.In addition, think about what you do not like about one of the animals. Are there any aspects of them that you do not like? For example, if you dislike a dog's teeth, then when you ar e comparing them to cats, you might need to consider if the cat has a larger mouth.Finally, consider the final detail: How do you feel about the comparison? It is important to consider all of the differences that you have listed so that your choice does not seem desperate or overwhelming.

Ancient Greece dbq essays

Ancient Greece dbq essays There were many contributions to modern day western civilization by the ancient Greeks. Their ideas and philosophies changed what we believe today. Here are the documents that prove these contributions to western civilization by the Greeks. There are many philosophers in the Greek civilization, two of them are Socrates and Aristotle, and they are both mentioned in the documents. Socrates is a philosopher that basically was the father of philosophy. He said that that everyones life should be examined or else it is not worth living. Aristotle is a philosopher who believed that the gods should not control our actions, but we should. He believed in human reason (the ability to think) should guide our actions. Both of these philosophers made an impact on our modern society. Another man that made an impact on our modern society is Pericles; He used a certain type of government that is popular today called democracy. In democracy everyone is equal and you can serve your country no matter how low your social scale level is, everyone has input on making decisions. Hippocrates was a Greek doctor; he invented the Hippocratic oath that in modern society you have to take to become a doctor. Hippocrates is mentioned in the fourth document. The Hippocratic oath states that you have to use your best judgment and not harm anyone while doing your duty. You cannot give any deadly medicine to any one if asked and cant suggest any such advice. Euclid is a philosopher and mathematician; he invented geometry that we now use in modern society. His theory was If two straight lines cut one another, the vertical, or opposite angles shall be equal. Greeks were good at building things such as the Parthenon. We use these architectural skills in our modern buildings like the huge arches and columns. The Greeks were also good in sports that still go on today, these sports being: Track and field, Wrestling, and discus among other sports ...

A Biographical Sketch of Arnold Schoenberg Research Paper

A Biographical Sketch of Arnold Schoenberg - Research Paper Example The artist composed music in different styles attracting a mixture of reactions from the audience including students, friends, and other Viennese audiences. Some of his works later contributed to hatred from his musical enemies. The early life and music Arnold Schoenberg was born to a merchant Samuel Schoenberg and Pauline in Vienna, Austria, on September 13, 1874 (ThinkQuest, para.1). Schoenberg was born in a family that had no particular musical history (Rovi Corporation, para.2). His father died in 1890 when he was aged 16 after which he became an apprentice with some bank shortly. As such, he had to learn much of the music styles through self-teaching and reliance on friends. The artist learnt to play violin and began to compose at the early age of eight years (ThinkQuest, para.1). He had shown aptitude for music composition at the early age. He also began to learn and acquire skills from his friends. One of the artists who helped him develop his talents was Oskar Adler, who gave him rudimentary instructions in harmony and counterpoint (Rovi Corporation, para.2). In 1891, Schoenberg joined the orchestra â€Å"Polyhymnia† and met Alexander von Zemlinsky, the conductor of the orchestra; they would be friends throughout their lives (ThinkQuest, para.1). Zemlinsky, who would later be his brother-in-law, taught Schoenberg composition skills. This was the only formal instruction of this nature that the artist received in music. The early works of the artist in this career involved teaching privately and in other institutions and occasionally orchestrating operettas. He was a conductor of the metalworker-choir. Schoenberg got married to Zemlinsky’s sister, Mathilde, in 1901 and he moved with his wife to Berlin. The marriage was shaken at one point whereby Mathilde got married to another artist. They reunited later before her death in 1923. Schoenberg later got married ten months later to another woman, a sister to another artist. Music styles Schoenb erg developed his first original composition, some few piano pieces, at the age of twenty. The early musical compositions by this artist bore the image of the German Romanticism. This was particularly evident in his first composition Verklarte Nacht, Op.4 composed in 1899. This work was romantic and rich in harmony and color making this earlier work to be easy to comprehend and listen to (ThinkQuest, para.7). In the later developments, the artist concentrated in atonal music that did not have the structure of the traditional tonality. This formed the basis of criticism from his detractors. Nonetheless, the style attracted a large faithful following. He became an instructor in music. Some of the active followers would later become his pupils after establishing his private institution. The two most identifiable pupils of the artist are Alban Berg an Anton Webern. The two pupils developed their skills in music and would later match their trainer in style and composition ability. Workin g together, the three musical composers were the corner stones in the development of the atonal and 12-tone music that rocked the music industry in the first half of the twentieth century While in Berlin, Schoenberg was appointed to teach at Stern Academy in Berlin (ThinkQuest, para.3). In 1903, he returned to Vienna and established a private teaching academy. Berg and Webern became his first pupil. Schoenberg received further support from Zemlensky and another friend, Gustav Mahler, towards the real composition of atonal pieces (ThinkQuest) Gustav Mahler was the director of court opera. Schoenberg had now begun to move away from tonality towards atonal composition. He later composed some works and performed in a legendary in

Discussion Essay Example | Topics and Well Written Essays - 250 words - 21

Discussion - Essay Example In health promotion, wherein about 9 other concepts can be identified (Disu, K.M. and Wooden, D.J., 2012) stated in values and beliefs, SDLC has led to the creation of computer systems that give patients the option to tap their skills, resort to their love for freedom and privacy, and their voluntary decision to seek answers for themselves whenever possible. It makes them feel better to call for a nurse only if they don’t understand what to do in various situations. A virtual nurse had been developed. In wanting to know more about the medications they are taking, at what time, dosage, and for what purpose, patients can be taught to simply type the word â€Å"Medicines† after they log into their account, so that they can view more details about their purpose and the contra-indications. Thus, another concept within health promotion is served – the concept of empowerment. In the other meta-concept which is caring, SDLC can be tapped by allowing the patients to voluntarily submit feedback that can be saved in their database. Patients themselves or the authorized relatives may assist in faster recovery by way of reporting favourable or unfavourable feedback which the doctors can view during their visit. Questions can also be raised anytime if patients are allowed to simply communicate their thoughts with the help of a computer. In fact, SDLC can provide doctors with real time biological response and allow them to become more aware about developments with the patients. Such updated awareness can result in providing initiatives that can show better care and

Questionnaire Design Coursework Essay Example | Topics and Well Written Essays - 2500 words

Questionnaire Design Coursework - Essay Example e present research is conducted to determine the role of direct marketing and its potential benefits for the companies to acquire a competitive advantage in the industries. The primary aim of the study is to investigate how direct marketing activities contributes to the creation of competitive advantages. Therefore, primary research is gathering primary data from the (N=20) respondents from the survey questionnaires. The other section of the report presents a brief discussion based on the information and responses obtained. The main objective of this study is to determine the potential advantages of direct marketing techniques and its role in the creation of competitive marketing strategies. On the basis of prose research objectives, the following are the research questions for the study: Keeping in the mind of research questions and objectives, research has conducted a survey to gather information. The questionnaire is a research instrument that contains written set of questions to gather information from the respondents. The researchers make use of questionnaires together information from the respondents about the specific issue or area aims to be investigated. The questionnaires are used to gather information and opinions from the researcher that is cheaper and convenient. The questionnaires developed for this research is based on the research objectives underlay to collect exploratory information to develop understanding of the research questions. The questionnaires is composed of 10 questions in total, in which question 1 and 2 refer to demographic characteristics of the respondents, whereas the rest 8 question are specifically related to the research questions. The questionnaires are composed of closed-ended as well as open-ended questionnaires. It indicates exploratory questionnaires are developed to address and evaluated to gather information. The responses obtained from the close-ended questionnaires are based on Likert scale ranging from 1 to 5. The