By February 13, 2018 0 Comments Read More →

BHP takes $1.8B charge on U.S. tax overhaul

Australian energy and mining company BHP Billiton said Tuesday it’s anticipating a $1.8 billion charge on U.S. tax code changes, but expects long-term benefits.

U.S. President Donald Trump signed the Tax Cuts and Jobs Act at the end of December. The measure, which permanently cuts taxes for corporations from 35 percent to 21 percent, passed out of the House and Senate along party lines.

BHP Billiton said it would post the expense as an exceptional item when it posts its financial results on Feb. 20…

 

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