The combined tax bills for Rio Tinto and BHP Billiton's move into Singapore marketing hubs a decade ago have now reached more than $1.9 billion, with further audits looming.
Rio Tinto's latest revelation that it is contesting tax assessments of $447 million for its Singapore operations from 2010 to 2013 comes on top of the $107 million it previously paid to settle claims covering 2005 to 2009, taking its total Singapore tax hit to $554 million.
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au