Environmental & Social Information • Jun 28, 2016
Environmental & Social Information
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RNS Number : 5398C
Rio Tinto PLC
28 June 2016
Taxes paid report: Rio Tinto paid $4.5 billion in taxes and royalties in 2015
28 June 2016
Rio Tinto paid $4.5 billion in taxes and royalties and spent almost $18 billion buying goods and services from suppliers around the world last year, according to the company's 2015 Taxes paid report.
Rio Tinto chief financial officer Chris Lynch said "Rio Tinto continues to provide a significant direct benefit to the governments and communities where we operate. The $4.5 billion we paid in taxes and royalties last year takes our total contribution to $47.3 billion since 2010."
Rio Tinto has had an average corporate income tax rate of 29.9 per cent globally on underlying earnings over the past five years and its Taxes paid report has been recognised as best-practice in tax reporting and transparency for the extractives sector.
Chris Lynch said "We were the first global mining house to provide comprehensive tax and economic contributions data and in this, our sixth Taxes paid report, we are publishing more detail than ever before.
"We are a strong supporter of the Extractive Industries Transparency Initiative and the need for resources companies to appropriately disclose payments to governments around the world."
"Debates about tax rates and contributions are best served when factual information is provided. This is what we have set out to do with our annual Taxes paid reports.
The 2015 Taxes paid report also shows that Rio Tinto made a total economic contribution of almost $37 billion last year. This contribution includes payments to suppliers, taxes and royalties, salaries, dividends and re-investments.
www.riotinto.com
Follow @riotinto on Twitter
| ### Media Relations, EMEA/Americas Illtud Harri T +44 20 7781 1152 M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 David Luff T + 44 20 7781 1177 M + 44 7780 226 422 ### Investor Relations, EMEA/Americas John Smelt T +44 20 7781 1654 M +44 7879 642 675 David Ovington T +44 20 7781 2051 M +44 7920 010 978 Grant Donald T +44 20 7781 1262 M +44 7920 587 805 |
### Media Relations, Australia/Asia Ben Mitchell T +61 3 9283 3620 M +61 419 850 212 Bruce Tobin T +61 3 9283 3612 M +61 419 103 454 Matt Klar T + 61 7 3625 4244 M + 61 457 525 578 ### Investor Relations, Australia/Asia Natalie Worley T +61 3 9283 3063 M +61 409 210 462 Rachel Storrs T +61 3 9283 3628 M +61 417 401 018 |
| ### Rio Tinto plc 6 St James's Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 |
### Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 |
This information is provided by RNS
The company news service from the London Stock Exchange
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