CAPITAL MARKETS

BHP victorious in ATO court battle

BHP Billiton will gain a $US580 million ($A539.6 million) tax credit after the High Court of Aust...

Kristie Batten

The dispute was over the clawback of capital allowance deductions claimed by BHP for its failed Boodarie hot briquetted iron plant at Port Hedland. In 2005, the ATO issued BHP with a tax bill of $A935.5...

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