Rio Tinto makes ATO deal

Tax office will monitor miner's bookkeeping in real time to reduce surprise bills.

Rio Tinto (RIO) has invited the Australian Taxation Office to monitor its bookkeeping in real time to reduce the risk of surprise tax bills, The Australian Financial Reviewreports.

According to the newspaper, the major miner is set for another period of tax uncertainty as the new government plans to roll back the carbon tax and minerals resource rent tax from July 1 next year.

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