Trying to watch Masterchef and look at tax numbers and do calculations is testing me but here goes
We are told that Rio Tintos effective tax rate averaged 35 per cent.
Corporate taxes amounted to A$14.6 billion and royalties were A$5.7billion .
Therefore, 72% of the 35% tax paid was corporate tax and 28% of the tax paid was royalty.
So, 72% of the statutory 30% corporate tax is a 25.2%
RIO's average corporate tax bill for the last ten years was 25.2% not the typical 30% corporate tax, They got a 5% bonus
Don't bother adding royalty to that to justify anything. That's like adding rates and even GST to INCOME TAX for individuals.
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