Saralnama
More details from ATO’s corporate tax transparency report Big companies paid more than $100bn in tax for the second year in a row, although that was slightly down from the previous year as lower commodity prices dragged on mining and energy sector profits. The ATO said that 28% of firms earning more than $100m paid zero tax, the lowest share in the report’s 11-year history and down from 36% in 2013-14. The highest share of companies paying zero tax were in the mining , energy and water segment, at nearly 40%, which the ATO said was “due to factors such as volatile commodity prices and extended lead times before projects become revenue generating”. Getting multinational companies, and particularly tech companies, to pay their fair share of tax remains a high priority for the tax office. Sams said 70% of the… (Updated 2 Oct 2025, 03:41 IST; source: link)