They are among some of the world’s largest corporations and in Australia, at least, they pay little or no tax. In actual fact around 600 of the country’s largest companies paid zero in the 2013-14 financial year and when you look at the list of more than 1500 in figures released by the Australian Tax Office you soon get a sense of how deep and wide the problem is as the nation economy gets a whack from lower commodity prices. In general terms 960 companies of the 1500 paid some tax while 579 did not. So who are they? DOWNLOAD the full list.
Spotless: one of the nations largest cleaning companies with a number of Government contracts had income of $2.2 billion and paid NO tax
Volkswagen made nearly $2 billion and paid just $10 million in tax
Qantas: paid no tax (made a loss for the period)
Virgin Australia paid no tax
General Motors (owner of the Holden brand) paid no tax
Vodafone paid no tax
ExxonMobil paid no tax
Lendlease paid no tax developer of the landmark Barangaroo in Sydney
Warner Brothers paid no tax
Transfield paid no tax and who run a number of immigration services
Ten Network Holdings paid no tax (made a loss for the period)
ABB Group paid no tax
Acer computers paid no tax
Dimension Data paid no tax and is a major computer services business
Downer EDI paid no tax. Downer is a significant government contract holder
Treasury Wine Estates, one of the largest wine companies in the world paid no tax
Apple: had income close to $6.1 billion in Australia and had taxable income of $246 million. It did pay tax of $74 million
Microsoft: had income of $568 million and had taxable income of $104 million. It paid just $31 million in tax
Google had income of $358 million and paid just $9 million in tax
Then there are the mining companies who face significant economic and market headwinds – it turns out they are amongst our largest taxpayers:
BHP paid $4 billion in taxes
RIO Tinto paid $3 billion
The four major banks combined paid nearly $10 billion in taxes
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