BusinessCompany NewsRio Tinto fears global spread of mining tax

Rio Tinto fears global spread of mining tax

Mining company concerned other countries will follow lead of Australia by introducing windfall tax

Mining company Rio Tinto has expressed concern that plans to introduce a
windfall tax on mining profits in Australia may be taken on by other countries.

According to
Reuters,
Rio Tinto chief executive Tom Albanese said the company was “concerned that
other countries may see this as something they want to try out too”.

Albanese labelled the tax as “seriously flawed” and his company’s top global
sovereign risk issue.

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