Almost 800 large companies paid no tax in 2020-21, Australian Taxation Office report reveals

<https://www.abc.net.au/news/2022-11-03/companies-that-paid-no-tax-ato-corporate-tax-transparency-covid/101607632>

'Thirty-two per cent of Australian public companies paid no tax in 2020-21,
according to Australian Taxation Office (ATO) data.

The ATO's eighth corporate tax transparency report, which covers 2,468
corporate entities, found that 782 (32 per cent) did not pay any tax.

The report attributes that to various reasons, including companies making an
accounting loss or claiming tax offsets that reduced their tax bill to nil.

"There's legitimate reasons why companies may not pay tax," ATO deputy
commissioner Rebecca Saint said.'

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics