Tag: ATO

31% of Companies in Australia Are Not Paying Tax: Exploring the Reasons Behind Tax Avoidance

Nov 4, 2024

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by

Oliver Henderson

in general invests

The ATO’s report indicates a significant portion of large corporations in Australia, 31%, pay no taxes despite the overall tax contribution increasing to A$100 billion. This situation highlights issues related to tax avoidance, particularly by multinationals using strategies such as transfer pricing and deductions. The necessity for clearer transparency and reform in tax laws is…