Almost a third of Australia’s large companies pay no income tax

Tax Office finds more than half major mining, energy and water companies paid nothing in 2020-21, a three-year high

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Almost one-third of large corporations paid no income tax in Australia in 2020-2021, including more than half of the nation's major mining, energy and water companies, a new report shows.

The Australian Taxation Office released its annual tax transparency report on Thursday, which reveals the amount of tax paid by 2,468 large and medium corporate entities. Of those, 782 (32%) paid no tax at all in the financial year, down from a high of 36% in 2015-16.

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