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Large corporates paid over $68 billion in income tax during the last financial year. The ATO’s latest corporate tax transparency report has revealed that the amount of income tax paid by large corp
A total of 32 per cent of Australian public companies paid no tax in 2020-21, according to Australian Taxation Office (ATO) data.
Tax cheats and tax avoiding multinationals will be in the crosshairs of extra Australian Tax Office staff which aim to reap a further $4.7billion in revenue in a major crackdown.
Outcome in the 10-year dispute is a win for the Task Avoidance Taskforce, office says.
Temporary measures are insufficient to tackle the ballooning debt book, says Scott Treatt.