More than 1,000 large companies paid no tax in Australia, ATO reveals (www.abc.net.au)

submitted 6 days ago by Quokka@quokk.au to c/australia@quokk.au

3 comments fedilink hide all child comments

Almost 30 per cent of large companies paid no tax in 2024–25, an Australian Taxation Office report reveals, resulting in the corporate tax amount payable dropping by $8.2 billion from the previous year.

you are viewing a single comment's thread
view the rest of the comments

[-] phant@lemmy.world 2 points 6 days ago

I'm not saying this is fair, or accounts for the full amount. But there are things like R&D tax kickbacks companies can get, which are designed to incentivise companies to do R&D in Australia. There are probably other kickback incentives. Now, do I think these companies could (or should be able to) legitimately tally up these kickbacks to net a nil tax bill - no, probably not. But I'm not even close to an expert

this post was submitted on 30 Sep 2026

43 points (100.0% liked)

Australia

378 readers

75 users here now

Your one-stop shop for any and everything Australia.

Guidelines:

Try to be a decent person and interact nicely
Different opinions are tolerated, hate is not.

Other Communities:

founded 1 year ago

MODERATORS

Deceptichum@quokk.au

Quokka@quokk.au