The $10bn tax company

Original article by Peter Ker
The Australian Financial Review – Page: 44-45 : 12-Nov-19

BHP’s tax bill in Australia was $US4.72bn ($6.79bn) in 2018-19, compared with $US1.79bn ($2.33bn) two years earlier. BHP contends that when state government royalties on its iron ore and coking coal exports are taken into account, its total economic contribution in Australia was about $US7bn ($10bn) in 2018-19. BHP’s relations with the Australian Taxation Office have improved in recent years, and second commissioner Jeremy Hirschhorn recently praised the resources giant’s annual economic contribution report.

CORPORATES
BHP GROUP LIMITED – ASX BHP, AUSTRALIAN TAXATION OFFICE, RIO TINTO LIMITED – ASX RIO, TRANSPARENCY INTERNATIONAL AUSTRALIA

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