BHP Urges Chile’s Government to Make Further Concessions on Tax Bill With $10 Billion at Stake
- Chile government has already made some changes to royalty bill
- BHP signals more changes required to ensure investments
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BHP Group is looking for Chile’s government to make further concessions on a tax bill currently under debate in the senate before proceeding with an estimated $10 billion in investments in the country.
The government has already made changes to the so-called royalty bill, bringing down the average effective tax rate to an estimated 46%. Chile’s major competitors have a tax burden somewhere between 41% and 44%, BHP’s President Minerals Americas Ragnar Udd told reporters in Santiago.