RIO 3.50% $119.00 rio tinto limited

40% super tax, page-28

  1. 1,697 Posts.
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    rio tinto 70% foreign owned
    bhp 40% foreign owned (hope i got the % the right way round)

    the land in australia belongs to australia as do the minerals found on or in the land.

    the resources are being removed for profit at a little over the same tax rate as other listed companies.

    the profit of our land being raped is going to other countries.

    this is a very positive tax for australia.


    im losing quite bad on rio, and other shares... but long term it will be for the better...

 
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