Mining giant BHP Billiton hit with a £1.3bn bill following Trump's corporate tax changes in the US



BHP Billiton, the multinational mining company, has been hit with a £1.3bn bill following changes to corporate tax law in the US.
The expense, which will be treated as an exceptional item, will consist of a $898m non-cash charge on deferred taxes and a $843m charge on foreign tax credits.
The mining company said that the lower corporate tax rate will benefit its U.S. attributable profit in the longer term.
The company's share price has not been significantly moved by the news, rising 1 per cent to 1520p.
BHP Billiton's first-half results are due on February the 20th. In its second-quarter... read more

 
13 February 2018 in Business, Views: 100
Source: Daily Mail
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