BHP loses epic tax battle

Original article by Nick Evans
The Australian – Page: 20 : 12-Mar-20

The High Court has ruled in the Australian Taxation Office’s favour in a long-running tax dispute with BHP over its marketing hub in Singapore. BHP will have to pay an additional $US87m ($125m) in tax for the income years 2006 to 2018 after the court ruled that its Australian and British arms are ‘associates’ for tax purposes. A spokesman has noted that the resources group has paid some $71bn in taxes and royalties in Australia over the last decade.

CORPORATES
BHP GROUP LIMITED – ASX BHP, AUSTRALIAN TAXATION OFFICE

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