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Hundreds of large companies are paying no tax, ATO data reveals

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Of the more than 2,300 entities on the tax office's latest transparency report, more than 30 per cent of them did not pay any tax, the ATO says.

This is a slight decline from the $1.16 billion paid by nine corporate entities in 2017–18, which Ms Saint said was primarily due to a fall in the oil price.

Australian public and foreign-owned entities have a higher portion of "nil tax payable" when compared to Australian private entities. Corporate entities with an income of more than $5 billion represent around 2.5 per cent of the corporate transparency population and account for around 55 per cent of tax payable .

58 entities reported a taxable income but were also entitled to offsets at least equal to the tax otherwise payable

 

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