Optus among companies earning billions in Australia but paying no income tax
by Patrick Commins from World news | The Guardian on (#70G2F)
Latest ATO report reveals string of mostly multinational firms continue to be able to pay no or very little income tax, including Netflix, Apple and Microsoft
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Scandal-ridden telco Optus, the world's biggest meat producer, global tech firms and huge gas producers are among a host of major companies earning billions of dollars a year but paying zero income tax.
The latest corporate transparency report from the Australian Taxation Office revealed a string of mostly multinational firms continue to pay no or very little tax on income in Australia, including household names such as Netflix, Apple and Microsoft.
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