Rio Tinto Paid $4.5 Bln In Taxes And Royalties In 2015

(RTTNews) - Rio Tinto Plc. (RTPPF.PK, RIO.L, RIO, RTNTF.PK) 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 noted that it 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.

The 2015 Taxes paid report also shows that Rio Tinto made a total economic contribution of almost $37 billion last year. The contribution includes payments to suppliers, taxes and royalties, salaries, dividends and re-investments.