Rio Tinto Asked to Pay A$447 Million More in Australian Taxes
- Payment demand stems from amended income tax from 2010-2013
- Rio will challenge ruling, but pay 50% of the tax this month
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The Australian Commissioner of Taxation has demanded an additional A$447 million ($339 million) in taxes from Rio Tinto Group.
The payment request comes after the commissioner issued amended income tax assessments for 2010 to 2013, according to a statement from London-based Rio, the world’s second-biggest miner. Rio said it will challenge the assessments, but will pay 50 percent of the total this month.