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

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »