Rio Tinto
(ASX:RIO) CFO Guy Elliott has backed BHP Billiton in raising concern about proposed tax changes included in the Henry Review on the country's tax system.
The review is expected to recommend scrapping state-based royalties on mining projects in favour of a resource rent tax which is likely to come at a cost to the earnings of mining giants.
Mr Elliott told analysts in a webcast that it’s important that the tax environments in which it invests are stable and competitive.
The 2008 net profit result for Rio Tinto was $5.3 billion.
