Feb 8, 2018

Rio Tinto’s boom result tells us what they’ll do with tax cuts

Rio Tinto has demonstrated what companies will do with a windfall from company tax handouts: return them to shareholders.

Bernard Keane and Glenn Dyer

Politics editor / Crikey business and media commentator

What will Australia's corporate giants do if they're handed a massive windfall from Malcolm Turnbull's company tax cut? Invest it? Hand it to workers for some years-overdue pay rises? Or blow it on share buybacks?

Let's ask Rio Tinto, which over the last year has enjoyed a huge windfall in revenue from higher commodity prices.

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2 thoughts on “Rio Tinto’s boom result tells us what they’ll do with tax cuts

  1. Rais

    Rio doesn’t really need to consider sharing its good fortune with its employees because it’s doing all it can to not have any employees. Driverless trains, driverless mining equipment, soon there will be very little left in their mining operations that require employment of humans.

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