🕐17.03.14 - 00:27 Uhr
RIO TINTO PUBLISHES DETAILS OF ITS US$7.5 BILLION GLOBAL TAX PAYMENTS IN 2013
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17 March 2014
Rio Tinto publishes details of its US$7.5 billion global tax payments in 2013
Download media release here
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Download Taxes paid report here
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Rio Tinto has published its latest ‘Taxes paid report’ which details the US$7.5 billion of taxes the company paid around the world in 2013.
The company also paid US$1.9 billion of taxes on behalf of its employees.
The voluntary annual report details all individual payments more than US$1 million made to governments in the countries where Rio Tinto operates.
The majority of Rio Tinto’s taxes were paid in Australia (US$5.7b), Canada (US$523m), Chile (US$380m), Mongolia (US$220m), United States (US$217m), South Africa (US$167m), France (US$126m), Guinea (US$64m), Singapore (US$52m) and the United Kingdom (US$26m).
Corporate income tax was the largest component of Rio Tinto’s tax payments around the world, followed by government royalties, employer payroll taxes and other taxes.
Rio Tinto chief financial officer Chris Lynch said “Our tax strategy and payments are central to our approach to achieving sustainable development for the long term as a business, as a sector and as a global corporate citizen.
“This report demonstrates the significant contribution Rio Tinto makes to public finances in the countries where it operates around the globe.
We are a strong advocate for global tax transparency and this is reflected through this report and our founding membership of the Extractive Industries Transparency Initiative.
“However, Rio Tinto is concerned about additional compliance costs associated with the proliferation of new regulatory initiatives around worldwide tax reporting that have recently been introduced, or are under consideration, by various governments.
A multitude of different reporting formats is unlikely to result in greater clarity and will impose additional costs upon companies, with little or no public benefit.”
This is the fourth year that Rio Tinto has published its ‘Taxes paid report’.
Contacts:
Media Relations, EMEA / Americas
Illtud Harri
Office: +44 (0) 20 7781 1152
Mobile: +44 (0) 7920 503 600
David Outhwaite
Office: +44 (0) 20 7781 1623
Mobile: +44 (0) 7787 597 493
Media Relations, Australia / Asia
David Luff
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 205
Bruce Tobin
Office: +61 (0) 3 9283 3612
Mobile: +61 (0) 419 103 454
Media Relations, Canada
Bryan Tucker
Office: +1 (0) 514 848 8151
Mobile: +1 (0) 514 825 8319
Investor Relations, London
Mark Shannon
Office: +44 (0) 20 7781 1178
Mobile: +44 (0) 7917 576 597
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Grant Donald
Office: +44 (0) 20 7781 1262
Mobile: +44 (0) 7920 587 805
Investor Relations, Australia
Christopher Maitland
Office +61 (0) 3 9283 3063
Mobile +61 (0) 459 800 131
Rachel Storrs
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 417 401 018
Galina Rogova
Office: +852 2839 9208
Mobile: +852 6978 3011
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