Chris Jordan confirms dispute between BHP and ATO successfully prosecuted with bills introduced by Wayne Swan
BHP’s recent half-a-billion-dollar settlement with the Australian tax office would not have been possible without amendments introduced by the former Labor government, the tax office has suggested.
In a letter to the shadow assistant treasurer, Andrew Leigh, seen by Guardian Australia, the taxation commissioner, Chris Jordan, confirmed the tax office’s long-standing dispute with BHP, relating to the amount of tax BHP ought to have paid between 2003 and 2018 after selling its Australian commodities to its Singapore marketing business, was successfully prosecuted with two bills introduced by the former Labor treasurer Wayne Swan. The bills, which were introduced in 2012 and 2013, made it more difficult for multinationals to shift taxable profits offshore.
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