StockNews.AI
RIO
StockNews.AI
146 days

Rio Tinto releases details of $8.4 billion of taxes and royalties paid in 2024

1. Rio Tinto paid $8.4 billion in taxes globally for 2024, slightly down from 2023. 2. Australia accounted for $6.3 billion of the total taxes paid by RIO.

2m saved
Insight
Article

FAQ

Why Neutral?

The slight decrease in taxes paid reflects marginal changes in operational profitability; historical trends show minor tax adjustments typically don't lead to significant stock price fluctuations.

How important is it?

The report provides insight into RIO's operational scale and tax contributions, which influence investor perceptions but aren't strong price drivers alone.

Why Short Term?

Current tax payments are not expected to impact RIO's long-term growth trajectory but may affect short-term investor sentiment.

Related Companies

BHPVALEFCX
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has published its 2024 Taxes and Royalties Paid Report, which details $8.4 billion of taxes and royalties paid globally during the year (2023: $8.5 billion). In Australia, taxes and royalties totalling $6.3 billion (A$9.5 billion) were paid in 2024, including corporate tax paid of $3.7 billion (A$5.5 billion). Rio Tinto also made significant tax and royalty payments in Chile ($615 million), Canada ($500 million), Mongolia ($482 million), and the.

Related News