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About In House Tax

About In House Tax

This weblog is a news and views site for tax professionals within the UK and international in-house tax community.  You will find information about appointments and people moves in and around the in-house tax market, issues affecting the in-house tax professional, opinions on the state of the tax job market, updates on tax technology, and other general thoughts of the day.

Hope you find it useful.

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Location: St Albans, United Kingdom

This site has been developed by Simon Godley, who also runs the niche tax recruitment company Talentpool Selection . Simon spends a lot of his time placing tax specialists into FTSE companies, large in-bound groups and some professional services organisations. He also recruits and is well networked around the UK tax technology and VAT markets.

Tax News

BHP Billiton faces back taxes bill

Tuesday, 4 December 2007

Source: International Tax Review

BHP Billiton has been hit with a $643 million bill for Australian tax arrears for the 2000 to 2006 tax years

The natural resources company said the demand is made up of $336 million in tax and $307 million in interest and penalties, and concerns the capital allowances the group claimed in relation to Boodarie Iron (Australia), a subsidiary that closed down in August 2005. BHP said it is entitled to the relief and intended to contest the Australia Taxation Office's opinion.

SG comment: There is a more detailed statement of this on the Australian BHP Billiton website within the Investors and Media section.

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posted by Simon Godley


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