BHP to book $1.8bn charge from US tax reform
BHP Group Limited NPV (DI)
2,056.00p
15:45 15/11/24
0.49%
10.00p
BHP said it would book a $1.8bn charge due to cuts in the US corporate tax rate.
FTSE 100
8,060.61
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
Mining
10,633.77
15:45 15/11/24
1.51%
158.40
The miner said it would record a non-cash re-measurement of deferred taxes of $898m and a non-cash impairment of foreign tax credits $834m.
The tax reform will have a positive impact on the group's US attributable profits in the longer term mainly due to the lower corporate tax rate.