WA was the biggest winner from the $5.6 billion Rio Tinto paid in Australian tax last year

Image: Paula Bronstein / Getty Images.

Rio Tinto is Australia’s 11th largest company by market capitalization, worth approximately $26 billion.

But in a report issued today outlining Rio’s $9 billion global tax bill, the company highlighted that it paid (“contributed”, in its language) $5.634 billion in Australian tax in 2014.

Rio says that based on the latest available Australian Tax Office data for 2012, it represented approximately 9% of the total A$38.7 billion in company taxes paid that year.

That’s a lot of tax for one firm.

Of course the Commonwealth gains the lion’s share of the tax take but the big winner is WA which received $1.689 billion in Royalty payments within its total take of $1.836 billion. That’s 32.6% of the total tax and royalties paid in 2014.

Here’s where they paid all their taxes in 2014.

Source: Rio Tinto

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.