BHP’s Annual Report discloses $1.1b in tax disputes with the ATO – under the transfer pricing; MRRT & CFC provisions
The financial statements in BHP’s Annual Report gives some insight into BHP’s tax disputes, which had been the focus of the Parliamentary inquiry (n Item 5: Income Tax Expense, p173 of the Annual Report). It discloses that it has disputed transfer pricing liabilities, in relation to its Singapore ‘Marketing Hub’ of $897m for the 11…