Australian-based mining companies Rio Tinto & BHP Billiton – tax transparency

Australian-based mining companies Rio Tinto & BHP Billiton – tax transparency

BHP settled with the ATO and agreed to pay approximately A$529 million ($384.5 million) in additional tax for the income years 2003 to 2018 in relation to a dispute over the amount of Australian tax payable as a result of the sale of BHP’s Australian commodities to BHP’s Singapore marketing business. From July 2019, BHP Group increased its ownership of BHP Billiton Marketing, which is the main company conducting BHP’s Singapore marketing business, from 58% to 100%.

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