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ATO doing ‘stellar job’ at ensuring big companies pay correct tax

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Sky News Business Editor Ross Greenwood says the Australian Taxation Office has done a “stellar job” at ensuring large companies and multi-nationals pay the right amount of tax.

Mr Greenwood criticised the ABC for misinterpreting data from the Corporate Tax Transparency Report, leading with the headline: more than 800 large companies paid no tax in 2021-22.

“Famously, five years ago … lost one of its star reporters, Emma Alberici, after her article on this exact same report that seemed ignorant about the difference between income and profit,” Mr Greenwood said.The reason companies pay no tax can vary from big write-offs to losing money, such as with Qantas.

 

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More than 800 large companies paid no tax in 2021-22, Australian Taxation Office revealsMore than 800 large companies paid no tax in 2021-22, an Australian Taxation Office (ATO) report reveals. Here's the ATO's full list.
Source: abcnews - 🏆 5. / 83 Read more »