The ATO\u2019s transparency database for 2024-25 shows more than one-quarter of big companies, often based overseas, regularly pay no or little corporate tax in Australia.<\/p>\n
This includes the Brazilian-owned JBS Global Meat Holdings, which generated more than $4.8bn in revenue but paid zero tax, in a recurring pattern for the global food company<\/a>.<\/p>\n While the ATO does not typically publish tax information of individuals or companies, it is required by parliament to do so for all entities that generate at least $100m in Australian income.<\/p>\n The report did not provide detail as to why individual companies paid zero tax but noted there could be legitimate reasons for it \u2013 including making a loss, or using deductions and offsets to lower the taxable income.<\/p>\n Sign up for the Breaking News Australia email<\/a><\/p>\n Overseas companies often reduce their taxable income by making payments to related entities located in lower-taxing jurisdictions. The practice is known as profit shifting and can attract the scrutiny of regulators.<\/p>\n <\/p>\n The ATO\u2019s acting deputy commissioner Michelle Sams said the agency was increasingly focused on making sure digital businesses and supply chains paid their share of tax.<\/p>\n \u201cWe look very closely if there\u2019s no tax being paid in significant industries, including things like datacentres, to make sure that the level of tax being paid reflects the economic activity that\u2019s happening in Australia,\u201d Sams said.<\/p>\n Microsoft\u2019s datacentre business generated $2.3bn in revenue from Australia during the financial year but reported no taxable income. The company\u2019s computer and software business paid $160.6m in tax after generating more than $9.2bn in revenue in Australia.<\/p>\n Microsoft was contacted for comment.<\/p>\n Netflix\u2019s local operation, which regularly pays little tax in Australia, paid the ATO $8.4m after generating more than $1.4bn in local revenue. TikTok Australia paid $17.3m in tax after recording $686.6m in revenue.<\/p>\n
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