Rio reveals 40% tax hike, bond issue

RIO Tinto has revealed it paid 40% more tax in 2011 than it did in the previous year while the mining major has followed other miners in tapping the US credit market, pricing $US2.5 billion ($A2.4 billion) of new bonds.

Rio reveals 40% tax hike, bond issue Rio reveals 40% tax hike, bond issue Rio reveals 40% tax hike, bond issue Rio reveals 40% tax hike, bond issue Rio reveals 40% tax hike, bond issue

In a report disclosing its tax payments, Rio revealed that last year it paid $10.2 billion of taxes globally, up almost 40% on 2010.

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