Tax Credit

BHP Gets $540m Tax Credit in Court Ruling


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.

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