BHP loses High Court CFC case

11 March 2020

Today the High Court of Australia unanimously found in favour of the ATO and dismissed BHP's appeal in relation to how Australia's tax laws applied to sales made by BHP's Swiss marketing arm from purchases of commodities from group companies in Australia.

Today the High Court of Australia unanimously found in favour of the ATO and dismissed BHP's appeal in relation to how Australia's tax laws applied to sales made by BHP's Swiss marketing arm from purchases of commodities from group companies in Australia.