A third of companies don't pay taxes in Australia

Ford Holden Nissan all paid no tax audit shows

It showed more than one third of large and foreign companies are not paying a cent of company tax.

"In reviewing the data released today, there may be a focus on the number of groups which paid either no tax or small amount of tax relative to gross income", the ATO said in a statement.

The Australian Taxation Office started requiring big companies to disclose their tax payments two years ago in a push to curb alleged tax avoidance.

Its total income, however, was $7.6 billion.

Glencore Investments declared $18.3 billion in income but not a cent in tax.

Similarly, Microsoft, which reported a total income of AU$777 million and a taxable income of AU$141 million, paid AU$42 million in tax during 2015-16; while Samsung Electronics Australia earned a total of AU$2.5 billion, of which AU$12 million was taxable, resulting in AU$3.6 million being paid in tax.

Datacom Australia Holdings reported taxable income of $11.4 million off the back of $432 million, and paid just over $2.4 million.

At the same time, Melbourne IT paid $434,705 in tax from $4.4 million in taxable income, off the back of $136.7 million in total income.

Google paid $16 million in tax on a taxable income of $122 million while claiming it earned $502 million in income.

According to the report, 36 percent of theses entities paid no tax during the period at issue.

Deputy Commissioner Jeremy Hirschhorn said that 2015-16 saw a significant drop in profitability of energy and resources companies, a sector where company profits are highly dependent on commodity prices.

Foxtel Cable Television Pty Ltd and Foxtel Management reportedly paid no tax on $2,031,705,308 and $237,023,747 respectively. "These amounts are not reflected in the corporate tax transparency data".

The Australian government legislated a new Diverted Profits Tax (DPT) in March, which is meant to prevent the practice of multinational organisations shifting profits made in Australia offshore to avoid paying tax.

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