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.
Map of hot spots: See where California wildfires are growing
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.
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.
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.
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.
Exxon Mobil Corporation (NYSE: XOM ) has a market cap of $351.42 billion and over the last 12 months, XOM has declined by -6.03%. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward.
Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. It has outperformed by 39.95% the S&P500.The move comes after 8 months positive chart setup for the $1.24B company.
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.
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.
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.
Buckingham Capital Management Inc. bought a new position in shares of Western Digital during the 2nd quarter worth $1,754,000. Van Hulzen Asset Management Llc decreased Coca Cola (NYSE:KO) stake by 65,533 shares to 16,743 valued at $751,000 in 2017Q2.
Lafemina now expects that the mining company will earn $2.82 per share for the year, up from their previous estimate of $2.81. BHP Billiton presently has a consensus rating of Hold and an average price target of GBX 1,367.81 ($18.41).
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.
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.
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.
Google adds celebrity selfie videos for searches
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.
Police arrest man for strangling wife, disposing body
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.
Bill Barrett (NYSE:BBG) Loses "Outperform" Rating
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.