Tax avoidance by International multinationals (ie overseas companies using a wholly-owned Australian subsidiary) has occurred for years - and shamefully Australian Governments have not addressed it. Now we hear lots of suggestions for the Labor Government to tax Australian-based taxpaying companies EVEN MORE - thus overtaxing the honest open transparent actual Australian based companies more, without addressing the foreign tax avoiders.
BHP produces a tax report annually - from memory about USD$13B in taxes last year, mostly paid to Australia.
BHP Price at posting:
$45.12 Sentiment: Hold Disclosure: Held
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