SINGAPORE

BHP hit by $59 million tax bill on Singapore profits

Asia, BHP, Mining News and Commentary, Mining.com, SINGAPORE, UK / Cecilia Jamasmie

Federal Court said BHP must pay tax in Australia on profits made by its Singapore-based marketing arm on the sale of commodities owned by the company’s UK side.

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BHP said to owe $215m in underpaid iron ore royalties to Western Australia

Asia, BHP, BHP Billiton, Japan, Mining News and Commentary, Mining.com, SINGAPORE / Cecilia Jamasmie

State claims BHP used its wholly-owned Singapore marketing hub subsidiary to understate the price of iron ore sold Japan and China buyers.

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