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Daily Tax Report: International

BHP Says to Consider Position Over Appeal in Australia Tax Case

Jan. 29, 2019, 8:40 AM

BHP Group is considering its position following Federal Court judgment in tax case related to income derived by offshore unit on the sale of commodities purchased from London-listed arm’s Australian entities, company says Jan. 29 in an emailed statement.

  • Company is studying judgment and its position in relation to any appeal. “This is a highly complex area of the tax law. It involves a technical interpretation of Australian federal income tax rules,” BHP says
  • Federal Court of Australia earlier upheld an appeal from country’s Commissioner of Taxation in case related to income tax assessments

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