BHP faces A$522m tax bill on Singapore marketing hub
[MELBOURNE] Global miner BHP Billiton is contesting a A$522 million (S$544.8 million) Australian tax bill on its Singapore marketing operations, the Australian Financial Review reported on Monday.
The figure was disclosed in the company's answers to a Senate inquiry on corporate tax avoidance, the newspaper reported.
BHP confirmed to Reuters it had filed its response to the Senate committee but declined to comment on the figure until it was officially released by the panel.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease