Rio Tinto
(ASX:RIO) has unveiled details to the market of its more than US$4 billion paid in taxes and royalties in 2016.
Of that amount, $US2.9 billion was paid in tax in Australia.
The multi-national miner’s tax and royalty payments take its direct tax contributions over the US$50 billion mark, since Rio first starting publishing its taxes paid data in 2010.
Rio Tinto says it also paid over US$35 billion in direct economic contributions to host communities last year, through wages, dividends, tax, royalties and supplier and contractor payments.
The mining magnate says it has pioneered corporate tax transparency and is proud that it is a major contributor to society through its economic activity and wealth generation.
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(ASX:RIO) is currently 0.45% higher to $60.28
