More than 1,000 large companies paid no tax in Australia, ATO reveals

Some multinationals are shifting profits. ( ABC )

Australian Tax Office data shows 73 per cent of large companies paid tax in the 2024-25 financial year.

The ATO says there are legitimate reasons why a company may not pay tax.

The tax office is watching companies that use offshore financing and marketing hubs, as well as AI businesses.

Almost 30 per cent of large companies paid no tax in 2024-25, an Australian Taxation Office (ATO) report reveals.

The ATO's 10th corporate tax transparency report, which covers 4,299 entities that lodged tax returns two financial years ago, found there were 1,149 entities (27 per cent) that did not pay tax.

That left 3,150 (73 per cent) that did pay tax as the Australian economy faced slow growth, declining commodity prices and high interest rates.

These conditions contributed to a mixed performance among corporate taxpayers, with tax payable decreasing by $8.2 billion (8.6 per cent) to $87.5 billion, compared to the previous year.

本文の著作権はABC Australiaにあります。