Rio in a tax war with ATO

Mining major Rio Tinto on Thursday said that it would dispute a A$352-million penalty by the Australian Taxation Office (ATO).


The ATO in March this year issued the miner with an amended assessment of of A$359.4-million primary tax and A$47.1-million of interest, related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015.