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 OZschwitz: Rio defends tax shifting, calls for lower tax

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Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

PostSubject: OZschwitz: Rio defends tax shifting, calls for lower tax    Sun Apr 09, 2017 7:11 pm

As the base for global miner Rio Tinto's most profitable mines, Australia received the bulk of the group's tax and royalty payments over the past year, even as the miner remains locked in dispute with the local tax office over tax shifting abroad.



Across the group, Rio paid $US4 billion ($5.3 billion) in taxes and royalties in 2016, of which $US2.9 billion was paid in Australia, with Canberra and the West Australia government the largest beneficiaries.

http://www.smh.com.au/business/rio-defends-tax-shifting-calls-for-lower-tax-20170409-gvgyrm.html
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OZschwitz: Rio defends tax shifting, calls for lower tax

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