BHP Billiton faces $544m tax bill on Singapore marketing hub

No tax since 2006?

BHP Billiton is contesting A$522 million (269 million pound) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel, according to a report by Reuters.

Reuters adds that the figures were released on Monday by a Senate committee that is investigating corporate tax avoidance. BHP was forced to send written responses to the panel after refusing to disclose the figures at a hearing on April 10.

The company revealed that between 2006 and 2014 its Singapore marketing business earned profits of $5.7 billion, on which it paid just $121,000 in tax in Singapore.

View the full report here.