Originally published by The Guardian View Original Article
Billions of dollars, none of it taxed: ATO reveals the tech giants paying zero income tax

Billions of dollars, none of it taxed: ATO reveals the tech giants paying zero income tax

Database names big companies – including Microsoft subsidiary and Netflix – that pay little corporate tax but notes there could be legitimate reasons

Microsoft’s datacentre business, Optus parent Singtel and major coal and gas companies are among a group of large 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.

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