The ATO said that, of those not paying tax, 219 entities reported taxable income but were able to deduct prior-year losses; 59 reported a taxable income but were also entitled to offsets, such as the research and development incentive; 127 entities reported an accounting profit but tax deductions were allowed at higher rates than for accounting; and 327 entities reported an accounting loss.
ONE-third of Australia's biggest companies have failed to pay any tax but there are signs tech companies are finally coughing up some of their profits to the local community.
"As these multi-billion investments were completed in 2017 and have started production, the amount of tax paid by ExxonMobil Australia is anticipated to increase significantly", said Travis Parnaby, a spokesman for the oil major.
For the year in question, Apple generated AU$7.57 billion on Australian soil, resulting in AU$118 million - 30 percent - of its AU$393 million taxable income being delivered to the ATO.
One of the nation's most prominent media companies, News Corp Australia, declared $2.9 billion in income but did not pay a cent in tax.
The news comes just four days before the Federal Government closes its tender for its master media account, which past year reportedly earned Dentsu over $175 million.
Chevron reported $2.1 billion in income for 2016 and paid no tax, while Shell Energy Holdings Australia - a unit of Royal Dutch Shell - reported $4.2 billion in income and $97 million in taxable income but paid no tax.
Virat - Anushka Leave For Their Wedding Vacation?
Sources told India Today Television that Virat and Anushka are definitely going to take their relationship to the next level. These photos of the Sharma family is only proving speculation of Virushka's wedding this weekend.
Geoffrey Rush sues newspaper over 'spurious' claims
Geoffrey Rush has launched a defamation lawsuit against the Daily Telegraph newspaper over allegations of inappropriate conduct. Mr Rush said his wife, daughter and son had also been hurt by the allegations.
The DPT will hit multinationals with global revenue of more than AU$1 billion and Australian revenue of greater than AU$25 million with a 40 percent tax on all profits.
Included in those that paid no tax were defence contractor BAE Systems, pharmaceutical giant Pfizer and bookmaker Crownbet, which is owned by Australian James Packer.
Activist group Tax Justice Network Australia refuted the ATO's finding, saying tax avoidance was rife in Australia.
Google Australia paid $16 million in tax for the year, off the back of taxable income of $121.9 million and total income of $501.8 million.
Hewlett Packard South Pacific Pty Ltd earned AU$3.5 billion and Dimension Data Australia Pty Ltd pulled in an income of AU$1.2 billion during 2014-15, yet according to the ATO, neither organisation paid tax in Australia for that period.
Samsung Electronics, by comparison, reported total income of $2.5 billion and a taxable income of $12 million, paying $3.6 million in tax.
However, these figures have not been broken out by the ATO for the purposes of the transparency report.
The search engine Google is rolling its new feature with the help of which PeeCee can tell you about her celebrity lifestyle. So basically, instead of the usual text format answers, Google will show the search results in selfie video format.
He said he wanted to assure Qadri that PTI would join him whenever he announced protest against Punjab government over the case. The opposition leader said there is nothing new about the meeting and the two parties have been in contact previously too.
The EPS or earnings per share ratio shows the amount of company earnings that can be attributed to every share that is held. Legacy Private Trust increased Powershares Etf Trust (SPHQ) stake by 96,942 shares to 863,701 valued at $24.15M in 2017Q2.
As CNN reported , Strzok changed Comey's key description of Clinton's actions from "grossly negligent" to "extremely careless". His bosses, Attorney General Jeff Sessions and Rosenstein, remained publicly silent, leaving Wray to defend the agency.
Rhumbline Advisers, a Massachusetts-based fund reported 480,341 shares. 469,225 were reported by Principal Grp Inc. The stock of Aptiv PLC (NYSE: DLPH ) earned "Outperform" rating by RBC Capital Markets on Friday, February 5.
Officials said the strong winds fanning the fires are forecast to last through Saturday, making for extremely risky conditions. The fire reached a wine storage shed on Wednesday after burning at least six other properties and threatening hundreds more.
Whilst the people of Clayfield re-elected Nicholls for a fifth term, he has declared he won't be seeking to lead the party again. The chorus is growing for Tim Nicholls to concede, with the ALP on 48 seats. "We just need to get on with it", said another.
While for the Next 5 years, the company could expect a growth of 31% per annum, whereas in the past Five years Bill Barrett Corp. The stock of Bill Barrett Corporation (NYSE: BBG ) earned "Hold" rating by Canaccord Genuity on Wednesday, March 30.
Catholic Health Initiatives' headquarters are based in Englewood, Colorado, and Dignity Health is based out of San Francisco. Individual facilities will continue to operate under their existing names, at least for the foreseeable future.
The Chinese Ministry of Foreign Affairs on Wednesday expressed concerns over the continued deployment of USA strategic assets. According to him, the exercise was also attended by the South Korean air force F-15Ks and KF-16s.
He entered the house through ventilator hole and in a fit of rage hit Shakuntala with a blunt object which killed her. With the circumstances hinting foul play, the police had little clue to go on apart from a fairy tattoo on her back.
House Ethics Committee Opens Probes Into Franks, Farenthold
The House Committee on Ethics cleared House Intelligence Chairman Devin Nunes of disclosing classified information on Thursday. However, it noted that "establishing an investigative subcommittee does not itself indicate that any violation has occurred".
College Football Playoff features familiar faces
What if it was Ohio State the Tigers were playing, and Clemson beat the Buckeyes and went on to win the whole thing. Nick Chubb and Sony Michel have combined for more than 2,100 yards on the ground and 13 touchdowns apiece.
Light snow in the forecast for NYC this weekend
Some of our models are hinting at a final push of moisture that swings through overnight Friday into Saturday morning. Tomorrow: Temperatures will warm to just at freezing during the day tomorrow.
Gunmen kidnap son of PDP chairman
Akans said the kidnappers have not contacted the family or PDP members. "Yes, it is true, the abductors of Hon Damishi T. However, the Kaduna State Police Command has said special forces had been dispatched to rescue Sango and four others.
A little snow still possible
He says high temperatures will only be in the mid 40s, but it will feel like the 30s with the wind chill. Colder air will continue to spill into Georgia from the north Friday thanks to another cold front.
Thunder's Paul George, Jerami Grant ruled out vs. Nets
The Nets' games against the Thunder and Miami Heat this week are during the 25th anniversary of the NBA's first games in Mexico. Silver added that the league was exploring the cost involved in a Mexican G League franchise.
Officer who killed Walter Scott gets 20-year sentence
The conviction of a former SC cop has finally disrupted the devastating pattern of the unrebuked killings of Black men by police. Through tears, Scott's family told Slager they felt sorrow for him and the loss his young children would feel in his absence.