AUSTRALIA

BHP, Woodside - a tale of two tax bills

THE fallout from the Australian Senate's inquiry into corporate tax avoidance continues, with BHP Billiton confirming it has a "sweetheart" deal under which the multi-billion resources juggernaut pays just 0.002% on the sales that it directs through its marketing hub in Singapore.

Haydn Black

However, Woodside Petroleum has denied any suggestion its own sales office in the island nation was set up for tax reasons. Yesterday it was revealed that BHP booked profits on its Singaporean iron ore...

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