BHP tax arrangements revealed in Senate inquiry

Details of BHP's tax arrangements have been revealed in answers provided to the Senate Inquiry on corporate tax avoidance, initiated by Greens Leader Christine Milne.

"It's shocking but not surprising that BHP is paying next to zero tax on billions worth of profits," said Senator Milne.

"No one believes this kind of behaviour is limited to BHP. The big corporates are ripping us off and successive Liberal and Labor governments have let them get away with it.

"We do not need to wait for the other countries to act. This year's budget is the test: will the Prime Minister go after the real leaners, the big corporations, or will he confine his tax cheats rhetoric to those who are on welfare?

"There are things that can be done right here, right now to reclaim some of the billions being lost, in order to fund hospitals, schools and a more caring society.

"The Greens have released a discussion paper with measures that we can use to crack down on corporate tax avoidance right now."