Rio discloses tax report

Rio discloses tax report

Rio Tinto has published its latest taxes paid report detailing the USD5.1-billion paid in taxes and royalties in 2017.

Most Rio Tinto’s taxes were paid in Australia (USD3.8-billion), Canada (USD387-million), Chile (USD318-million), Mongolia (USD228-million), South Africa (USD93-million), the UK (USD81-million) and the US (USD78-million).

Rio Tinto chief financial officer Chris Lynch, says, “Our voluntary taxes paid report highlights how Rio Tinto continues to be a significant contributor in the countries where we operate through the taxes, royalties and wages we pay. We believe it is important that our investors, communities and other stakeholders understand the significant impact we make through the tax we pay and our broader economic contribution.”

Rio Tinto has been a pioneer in transparent reporting of corporate taxes paid, since its first taxes paid report was voluntarily published in 2010.

Corporate income tax comprised approximately half of Rio Tinto’s tax payments globally, followed by government royalties, other taxes and employer payroll taxes.



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