Lots of companies pay little to no tax. It's often totally legal. But should taxpayers reward them?

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Lots of multinational companies use legal means to reduce the amount of tax they pay. If governments supported companies that paid more generously, it might shift the dial on what's considered acceptable.

An Emergency Warning has been issued for parts of Nambeelup, Serpentine and the Shire of Murray in Western Australia. For the latest, search onMany large multinational companies use complicated structures to move money they've made in Australia from Australian customers to countries that have lower tax rates and pay the tax there. It's often completely legal.

In repeated statements they say they have met their obligations by paying in accordance with Australia's tax regulations. I believe them.The Australian Taxation Office's eighth corporate tax transparency report covered almost 2,500 big companies and found 32 per cent. That could be because they made a loss, a big investment that wiped out profit, or claimed tax offsets that reduced their tax bill to nil.

In the ATO documents, it was revealed that 'Microsoft Datacenter' — presumably the part of the business getting a $5 billion injection from head office — had total income of $828 million in the 2020/2021 financial year.

 

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