The scheme was a bit shonky. Sell your stuff to your subsidiary in Singapore at mates rates. Dont make any money - pay no Aussie tax. Singapore mate sells to the world at fair price, and rakes in the profit and pays Sing tax. (much lower than Oz).
What is amazing is the govt and ATO who draft and apply the laws are so effing stupid that they did not 'forsee' such happenings! If our govt had enough brains and the ATO actually did their job, they would not be looking back 20 years to clean up messes of THEIR MAKING.
Anyway, BHP has resolved, and Singapore company is now subject to Aussie tax (BHP have bought them)
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Last
$40.42 |
Change
0.120(0.30%) |
Mkt cap ! $205.1B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.54 | $40.00 | $215.2M | 5.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10030 | $40.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.46 | 700 | 1 |
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| Last trade - 16.11pm 29/07/2025 (20 minute delay) ? |
| BHP (ASX) Chart |