(Some) Taxing times over for Rio Tinto

RIO Tinto has paid an additional $613 million to settle disputes with the Australian Taxation Office centring on Rio Tinto’s Singapore marketing hub. The settlement brings Rio Tinto’s total payment in relation to the disputes to almost $1 billion.

(Some) Taxing times over for Rio Tinto (Some) Taxing times over for Rio Tinto (Some) Taxing times over for Rio Tinto (Some) Taxing times over for Rio Tinto (Some) Taxing times over for Rio Tinto

It has cost Rio Tinto almost $1 billion to settle tax disputes relating to its Singapore marketing hub.

This settlement resolves a disagreement relating to interest on an isolated borrowing used to pay an intragroup dividend in 2015.