Entering text into the input field will update the search result below

BHP to pay A$529M in tax settlement over Singapore operations

Nov. 19, 2018 8:03 AM ETBHP Group Limited (BHP) StockBHPBy: Carl Surran, SA News Editor
  • BHP says it reached an agreement with Australian tax authorities to pay A$529M (US$386M) in additional taxes on income for 2003-18 as part of a settlement of a long-running dispute over its operations in Singapore; BHP says it already has paid A$328M of the total.
  • BHP also will increase its ownership of its main Singapore marketing business to 100% from 58%, which will make all profits made in Singapore from Australian assets owned by BHP fully subject to Australian tax.
  • The deal "fully resolves the longstanding dispute... with no admission of tax avoidance by BHP, and provides certainty in relation to the future taxation treatment," BHP says.

Recommended For You

More Trending News

About BHP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
BHP--
BHP Group Limited