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