0232 GMT - Rio Tinto says it isn't in the interest of its shareholders to divulge its tax exposures via an independent review of its dual-listed structure, as requested by Palliser Capital. Macquarie agrees there is a risk in airing the full details publicly. "Public examination raises the risk of renegotiation," Macquarie analysts say in a note. Rio Tinto has rejected calls by Palliser to drop its dual listing, claiming tax costs in the mid-single-digit billions of dollars. It hasn't released fuller details of its own internal review. "If aired, then the risk may eventuate regardless, changing the incremental friction costs," Macquarie says. Still, the Australian bank reckons there are potential benefits to unification, which could include improve valuation for London investors and accelerate the use of Australian tax, or franking, credits. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 27, 2025 21:32 ET (02:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。