Rio Tinto releases details of $8.5 billion of taxes and royalties paid in 2023
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Business Wire
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details $8.5 billion of taxes and royalties paid globally during the year.This compares to $10.8 billion in 2022, which included around $1.5 billion of Australian corporate tax payments related to prior years.In Australia, which is home to almost half of the company’s global business, taxes and royalties totalling $6.6 billion (A$10.0 billion) were paid in 2023, including corporate tax paid of $4.1 billion (A$6.2 billion). Rio Tinto also made significant tax and royalty payments in Canada ($601 million), Chile ($477 million), Mongolia ($371 million) and the United States ($123 million).Rio Tinto Chief Financial Officer Peter Cunningham said “We remain committed to being a leader on transparent tax reporting, as we continue to find better ways to contribute to our host countries and communities.“The taxes and royalties we pay play an important role in economic and social d
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