About 31% of large Australian companies paid no taxes last year amid rising corporate tax revenues.

About 31% of large companies in Australia did not pay any taxes last year, despite the Australian Taxation Office reporting a record A$100 billion increase in corporate taxes. The annual corporate tax transparency report, now in its tenth year, covers nearly 4,000 corporations but lacks details on multinational tax practices and deductions. This raises concerns about profit-shifting strategies that undermine tax systems in high-tax jurisdictions.

November 04, 2024
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