Diversified mining group Rio Tinto has reduced its exposure to tax havens, with only 17 of its more than 600 controlled entities currently resident in countries with a with a general income tax rate of 10% of less.
Eight of the 17 entities were dormant and either in liquidation or scheduled for liquidation, Rio Tinto reported on Wednesday in its ‘Taxes paid in 2015’ report, which showed that the mining company had paid $4.5-billion in taxes and royalties last year.
