Business
Stars align for BHP to scrap its UK dual listing – Sydney Morning Herald
One of the last barriers to the mining giant dumping its UK dual listing has just been removed.
One large element of that obstacle crumbled in 2018 and 2020 when various tax authorities dealt with the issue of BHP using the Singapore marketing hub as a conduit through which it sold its product.
The other troublesome impediment to BHP cleaning up its capital structure was the treatment of tax losses from NSW coal mines. As part of a corporate tidy up in the lead up to an asset sale, BHP announced on Wednesday it had written down the value of these tax losses.
There are certain to be other complicating…
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