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Rio Tinto details $4bn in tax payments amid Australia dispute

Staff Writer |
Rio Tinto detailed $4 billion paid in taxes and royalties in 2016, amid a tax dispute in Australia.

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Last Wednesday, the company said it would challenge an amended tax bill issued by the Australian Commissioner of Taxation that claimed the multi-commodity mining giant must pay an additional AUD447.0 million.

Rio Tinto said that the $4 billion paid to governments in taxes and royalties last year takes its total direct tax contributions past $50 billion since it first started publishing its tax report in 2010.

It noted that it paid a majority of its taxes in Australia, making up $2.9 billion of the figure.

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