We look at the ‘lifters and the leaners’, Australia’s biggest bludgers and also our best taxpayers. The Australian Taxation Office’s latest tax transparency data shows about a third of the 4,000-plus companies listed paid no tax, and News Corp’s Australian arm has now gone twelve years without paying a cent in corporate income tax.
News Australia Holdings booked $1.89 billion in income and zero tax payable. Chevron paid $2.9 billion this year after – green shoots after years of doging. Energy Australia wiped out $7.5 billion in income to pay nothing, Transurban paid nothing, and Google Australia continued to masquerade as a $2 billion business when it is really 4x larger.
Chapters:
00:00 Opening
01:07 News Corp’s Zero Tax
03:12 Twelve Years of Data
04:15 Companies by Number
07:27 The Gas Cartel
09:28 Ichthys and INPEX
12:40 Google’s Two Sets of Books
14:46 Rentals and Toll Roads
16:46 Energy and the Pokies
19:55 Consultants and Insurers
22:44 Chemist Warehouse Merger
23:46 Defence Housing and Miners
26:58 Banks, Supermarkets, Takeout
Patreon: https://www.patreon.com/thewestreport
Website: https://michaelwest.com.au
Michael West established Michael West Media in 2016 to focus on journalism of high public interest, particularly the rising power of corporations over democracy. West was formerly a journalist and editor with Fairfax newspapers, a columnist for News Corp and even, once, a stockbroker.
