Tax Break

BHP Billiton (ASX:BHP) is getting around $540 million in tax credits after a ruling from the High Court. In a dispute concerning BHP’s attempt to get back deductions in capital allowance for its Hot Briquetted Iron plant, the High Court of Australia has ruled in favour of the world's biggest miner against the Australian Taxation Office.

Chief executive of Origin Energy (ASX:ORG) Grant King wants the government to help out on the liquified natural gas industry under the carbon tax proposal. More help for the LNG industry is justifiable under the government deal of two years ago, King told Fairfax Media.