A third of companies don't pay taxes in Australia

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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