Contractors must use the formats provided in the below Post Award Exhibits. Contractors are required to justify their Economic Price Adjustment (Clause 552.216-70), Price Increases above 10% and 25% for paper products with letters from their suppliers or any other sources that are applicable.
Previously, the victory tax was applied to all medalists' reward money and the value of their medals. During the last Olympics, gold medalists received a sum of $25,000, silver medalists raked in $15,000, and bronze winners collect $10,000 â all of which were taxed as income. Meanwhile the value of medals were roughly $600 for gold, $300 for silver, and only $4 for bronze (which are mostly made out of copper).
A taxes-paid report fits with BHP chief Andrew Mackenzie's push for greater transparency and will likely make clear just exactly how much the Big Australian contributes country-by-country. BHP paid $US6.46 billion ($8.26 billion) in tax in 2013-2014 and $US8.57 billion in 2012-13.BHP would not comment specifically on whether a taxes-paid report was in the works but told Fairfax Media on Wednesday that we take our tax and transparency obligations very seriously.HP already gives an over-arching tax figure each year in its annual report but a taxes-paid report â a 20-page document if Rio's is any guide â would go into much more forensic detail. The depth of Rio's voluntary disclosure of the taxes and royalties it pays is unique in Australia and its global sector.