BHP says right to minimise tax payments

MINING giant BHP Billiton has defended its record on paying tax and revealed that its boss took a pay cut last financial year after a profit slide.

Resources giant BHP Billiton will cut capex to $US8.5 billion in the 2016 financial year.

BY Prashant Mehra

SYDNEY, Sept 23 AAP - BHP Billiton paid $US7.3 billion ($A10.30 billion) to governments around the world during the last financial year while its chief executive took a pay cut.