Paul Grant, Accountancy Age, Wednesday 26 May 2010 at 09:27:00

Mining company concerned other countries will follow lead of Australia byintroducing windfall tax


Mining company Rio Tinto has expressed concern that plans to introduce awindfall tax on mining profits in Australia may be taken on by other countries.

According toReuters,Rio Tinto chief executive Tom Albanese said the company was ?concerned thatother countries may see this as something they want to try out too?.

Albanese labelled the tax as ?seriously flawed? and his company's top globalsovereign risk issue.