World News
Microsoft’s datacentres and Optus owner among firms paying zero tax on billion-dollar Australian revenues
Source: World news | The Guardian · Published
ATO database names big companies – including Microsoft subsidiary and Netflix – that pay little corporate tax but notes there could be legitimate reasons Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Microsoft’
ATO database names big companies – including Microsoft subsidiary and Netflix – that pay little corporate tax but notes there could be legitimate reasons Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Microsoft’s datacentre business and the Optus parent Singtel are among a string of major corporations generating billions of dollars in revenue in Australia while paying zero income tax. Well-known multinationals including Netflix also only pay tax on a small fraction of their turnover, according to the Australian Taxation Office. Continue reading...
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