BHP Billiton to Contest A$1 Billion Australia Tax Office Bill
September 20 2016 - 7:13PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BHP Billiton Ltd. (BHP.AU) said Australia's tax office
has sought 1 billion Australian dollars (US$756 million) in
additional taxes, as well as interest and penalties, from the
mining company in a dispute over the price at which it sold
commodities to its Singapore-based marketing business over more
than a decade.
BHP on Wednesday said the Australian Taxation Office has issued
it with A$1.016 billion in so-called amended assessments, which
includes A$661 million of primary tax, for its 2003-2013 fiscal
years.
BHP, which last year said it was being probed by tax officials
here, said it doesn't agree with the authority's decision.
"Consequently, we have objected to all of the amended assessments
and intend to continue to defend our position, including by
initiating court action if necessary," the company said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
September 20, 2016 18:58 ET (22:58 GMT)
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