Rio Tinto plans to argue a $406.5 million tax bill from the Australian Taxation Office following its denial of reductions in interest from money borrowed in 2015.
Rio Tinto has paid the majority of its taxes last year in Australia, amounting to $US6.2 billion ($10 billion) out of a total of $US7.6 billion in taxes and royalties globally.
The Australian mining industry has provided more tax than all other industry averages, according to a KPMG survey.
Deloitte’s 12th edition of the Tracking the Trends report explores trends for mining companies in their ongoing pursuit of productivity, financial discipline, operational excellence and sustainable growth.
Glencore has won a dispute against the Australian Tax Office (ATO) after the federal court ruled the Swiss parent company paid the correct amount of tax on its copper concentrate purchases from an Australian mine.
Glencore has lost its bid to conceal its offshore financial activities from the Australian Taxation Office in a landmark decision by the High Court.
Stay on top of the most read articles on the Australian Mining website over the past week, including Woodside’s plan to create thousands of jobs to develop the Burrup Hub.
The Queensland Government is expecting the state’s biggest mining companies to voluntarily fund infrastructure development in regional communities.
A global tax expert has warned that Australia is ill-prepared to deal with the global implications of the United States administration’s company tax reform.
BHP will record a $US1.8 billion ($2.3 billion) tax expense in its upcoming half-year report due to changes to the US corporate income tax rate.
Rio Tinto has delivered a strong performance in 2016 despite the year’s challenging economic conditions, according to chairman Jan du Plessis.
Australia’s mining industry faced its highest effective tax rate in almost a decade in 2014-15, according to new research.
One of the most common ways multinationals take advantage of current laws to reduce their tax bill is through what’s known as transfer pricing.
The eighth of a ten part series examining the trends that will drive the mining industry in 2016.
Rio Tinto has unveiled this year’s tax payments, stating it paid US$4.5 billion in tax and royalties globally.
A Federal inquiry has recommended changing the tax status of activist groups claiming to be environmental charities while engaging in illegal activity.
BHP head Andrew Mackenzie has reiterated his pessimistic position on iron ore, pointing to the growing oversupply issue.
Profit-shifting has not paid off for petroleum multinational Chevron, slugged with a tax bill for $322 million thanks to a Supreme Court decision on Friday, however the worst is yet to come under another ATO audit.
BHP has released a new report which shows that most of their payments to governments worldwide are made to the Australian government.
Construction workers on Curtis Island LNG projects may face tax audits after concerns were raised about incorrect claims on tax returns.