Thomson Reuters has confirmed with Rio Tinto that the company has entered into a compliance arrangement with the ATO which covers its corporate income tax obligations. Rio Tinto said the agreement signed on Wed 18.9.2013, strengthens its commitment to strong governance standards in taxation and is consistent with its commitment to transparency. “Australia’s leading companies have a responsibility to manage their operations in the most effective and efficient manner. By entering into this arrangement with the ATO, we’re ensuring that Rio Tinto has an effective and transparent approach to dealing with its ongoing income tax compliance obligations,” said Rio Tinto Managing Director, David Peever.
[LTN182, 19/9/13]