News Corp, Santos, Qantas and other tax dodgers make up the usual suspects in latest tax data

Serial tax dodgers News Corp, Santos, Qantas and Transurban as soon as again failed to pay any income tax in Australia in 2022-23, the latest Australian Tax Location of job tax transparency data displays.

The data moreover displays Australia restful fine $1.87 billion in Petroleum Helpful resource Rent Tax (PRRT) that 300 and sixty five days, no topic surging global energy prices. The consequence changed into far below forecasts in the finances of October that 300 and sixty five days. Santos, which paid no tax and reported fine $19 million in earnings from its main holdings, as a minimum paid $247 million in PRRT, while Woodside paid $936 million, largely from its Bass Strait oil fields, in addition to easily about $2.6 billion in company tax. Fossil gasoline massive Shell paid no PRRT however over $1.55 billion in company tax; Chevron paid no income PRRT however over $4 billion in company tax.

News Corp, which hasn’t paid tax in Australia since a token $8 million in 2015-16, reported nearly about $200 million in earnings however paid no tax. Transurban reported $4.6 billion in income, $46 million in earnings, and fine $136,000 in tax from one in every of its diminutive Queensland subsidiaries. Qantas, using tax losses from the earlier 300 and sixty five days, reported over $19 billion in income however fine $402 million in earnings and paid no tax. IAG paid no tax on $15 billion in income and $150 million in earnings. Chris Ellison’s Mineral Assets earned nearly about $700 million in earnings however paid no tax.

The finest taxpayer changed into BHP: over $68 billion in income, $29 billion in income and $7 billion in tax; Rio Tinto reported $47 billion in earnings, $20 billion in earnings and $5.8 billion in tax. After them, in terms of tax paid: Glencore, Chevron, Fortescue and Commonwealth Bank.

Tech giants Apple, Uber, Tesla, Microsoft, Google, Facebook, Netflix and Amazon together reported $37 billion in Australian income, $2 billion in earnings and $587 million in tax — the bulk of that from Apple, Google and Microsoft.