Opinion
Rio Tinto has a billion ways not to tell you about its tax problems
Reviews, discussions, a close checking process – Rio Tinto has paid $1.1 billion in settlements but don’t ever suggest it has trouble with the Tax Office.
Neil ChenowethSenior writerRio Tinto’s report of its $991 million tax settlement last week came with its customary brio and misdirection. If only the numbers added up.
Rio has a billion ways not to tell you about its tax problems. In April 2015, The Australian Financial Review revealed the astounding profits notched up by BHP and Rio’s Singapore marketing hubs ($US941 million for BHP and $719 million for Rio in 2014 alone). Three days later, at the Senate tax avoidance inquiry, their indignation was palpable.
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