BHP won’t move Singapore marketing hub even if Australia cuts tax – CEO
| Date: Feb 23, 2018 |
| BHP Billiton will not move its low tax-paying Singapore marketing hub even if Australia goes ahead with plans to cut corporate taxes, CE Andrew Mackenzie said on Thursday.
BHP’s Singapore office is the focus of a long-running fight with Australia’s tax office, which argues the company is shifting profit to Singapore on the sales of its mostly Australian products to minimise tax. Mackenzie reiterated the company has to base its marketing operations in Singapore to be close to its customers, most of whom are in Asia, and would not move it to Australia. |
