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BHP Billiton has a long-standing commitment to transparency.

In 2000, we first disclosed our aggregate payments of taxes and royalties around the world. Since then, the detail of our disclosure in relation to payments to governments has continually increased.

This year, we have published our Economic contribution and payments to governments Report (PDF 2.5 MB). This Report discloses the payments we have made to governments during the 2016 financial year on a country-by-country and project-by-project basis.

We have prepared ‘Our payments to governments’ in our Report in accordance with the UK Regulations which implement the EU Accounting Directive. We also support the Australian Voluntary Tax Transparency Code with which our Report complies.

Payments to governments Report 2016

Our total economic contribution globally in the 2016 financial year was US$26.7 billion. This includes US$3.7 billion globally in taxes, royalties and other payments to governments. Our adjusted effective tax rate was 35.8 per cent, and when royalties are included, the rate is more than 58 per cent.

Historical

In the last decade, we paid US$85 billion globally in taxes, royalties and other payments to governments, including US$58 billion in Australia. Over the last decade, our adjusted effective tax rate averaged 31.9 per cent, and 39.8 per cent when royalties are included.

Our approach to tax

Our approach to tax is underpinned by our global tax principles that have been reviewed and endorsed by the Risk and Audit Committee of the Board of BHP Billiton.

2016 total payments to governments (US$M)*

BHP Billiton pays taxes, royalties and other payments in accordance with the tax regulations and laws applying in the jurisdictions in which we operate. This section outlines our payments to governments by country in 2016.

Payments to government by country

* Payments to governments have been prepared on the basis set out in 'Basis of report preparation' section.

Read BHP Billiton's Tax Principles (PDF 19 KB)

Read more on the tax paid by BHP Billiton in Australia.

BHP Billiton was required to file a report outlining payments to governments for the 2016 year end under the UK Reports to Payments to Governments Regulations 2014, as amended by the Reports on Payments to Governments (Amendment) Regulations 2015. The UK Regulations implement the EU Accounting Directive in the United Kingdom.  BHP Billiton was also required to file reports in Canada under the Extractive Sector Transparency Measures Act (“ESTMA”). BHP Billiton’s report as required under the UK regulations can be found online at the National Storage Mechanism here. The Canadian reports use this report as a substitution report.

BHP Billiton Canada Inc. ESTMA Cover Page 2016 (PDF 113 KB)

Rio Algom Limited ESTMA Cover Page 2016 (PDF 109 KB)

BHP Billiton (Trinidad-2C) Inc. ESTMA Cover Page 2016 (PDF 94 KB)

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