Politics

The Australian companies paying the most tax

Miners paid more corporate tax than all other sectors of the economy combined in 2022-23, according to new data from the Taxation Office.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Miners paid more corporate tax than all other sectors of the economy combined in 2022-23, new data from the Australian Taxation Office shows, with Rio Tinto, BHP and Fortescue paying a combined $43 billion. The latest annual snapshot of corporate tax payments showed more than 1200 companies including Qantas, Glencore and AGL Energy paid no income tax in the year.

Under tax law, companies can legitimately pay no income tax due to accounting losses and tax offsets. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.

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