The Australian Taxation Office\u2019s latest corporate tax transparency report shows that big corporations are still ripping Australians off when it comes to avoiding tax.<\/p>\n\n\n\n
The ATO figures show that almost a third of large companies, including fossil fuel, gambling and airline corporations, paid no corporate tax at all in the 2023-24 financial year.
Greens Economic Justice Spokesperson Senator Nick McKim said the numbers are proof the system has been totally corrupted.<\/p>\n\n\n\n
\u201cAlmost one in three big corporations paid nothing. That\u2019s an economy-wide rip off,\u201d Senator McKim said.<\/p>\n\n\n\n
\u201cCorporations that are wrecking the climate, destroying nature and sucking profits out of our communities are dodging tax which leaves working Australians to make up the difference.\u201d<\/p>\n\n\n\n
\u201cYou know the system is cooked when people going to work every day as nurses, cleaners or plumbers are paying more tax than nearly a third of big corporations.\u201d<\/p>\n\n\n\n
\u201cWorking people don\u2019t get the option of skipping their tax bill. But big corporations keep buying their way out of it, and Labor and the Liberals keep letting them.\u201d<\/p>\n\n\n\n
\u201cThe Greens will keep fighting to make big corporations and billionaires pay their fair share so we can fund housing, health, education and the services people rely on.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Australian Taxation Office\u2019s latest corporate tax transparency report shows that big corporations are still ripping Australians off when it comes to avoiding tax. The ATO figures show that almost a third of large companies, including fossil fuel, gambling and airline corporations, paid no corporate tax at all in the 2023-24 financial year. Greens Economic … Continue reading “ATO Figures confirm big corporations are still ripping us off”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-35187","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/35187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=35187"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/35187\/revisions"}],"predecessor-version":[{"id":35188,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/35187\/revisions\/35188"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=35187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=35187"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=35187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}