Miners Dominate Company Tax List as Others Pay Zero

Mining companies are touting their contribution to the Australian public purse, having topped the corporate tax table again. Corporate Australia paid almost $100 billion (US$65.7 billion) in income tax in 2022/23, an increase of nearly 17 percent on the previous year, the Australian Taxation Office (ATO) revealed in its 10th annual Corporate Tax Transparency report. Despite the record level of receipts, underpinned by a $43 billion (US$28.2 billion) contribution from the mining sector, almost a third of businesses avoided a tax bill. Data showed that 1253 entities from a total of 3985 businesses did not pay tax, although this was a reduction of five percent since the first transparency report in 2013/14....