Billion $ Company Pays No Tax

Screen Shot 2018-12-15 at 8.48.41 pm“Australian Taxation Office data shows no income tax paid over the last four years by Walker Group Holdings Pty Ltd, ‘preferred developer’ of 3,600 apartments on Ramsar protected wetlands next to Toondah Harbour. ABC News reports that about one third of large Australian companies paid no tax in 2016/17 but most companies have good reasons for not paying tax, according to the Tax Office” despite earnings of $438,592,012.

https://www.abc.net.au/news/2018-12-13/one-third-of-australian-companies-paid-no-tax-ato/10614916?section=business&fbclid=IwAR2DmXFG8MYMPBsgzLJE_7EOMHrfcay57kRIfMgelXu4WFYERknQHu8sjXg