Dec 10, 2020 (The Australian Financial Review – ABIX via COMTEX) —
The Australian Taxation Office’s latest corporate tax transparency report shows that Rio Tinto had the biggest company tax bill in 2018-19. The resources giant paid $4.2bn in taxes during the financial year, ahead of BHP and the Commonwealth Bank. The report also reveals that the combined tax take from the nation’s 2,350 biggest corporate taxpayers was $56.1bn, compared with $52.3bn in 2017-18. News Corp, Santos, Woodside Petroleum and Chevron are among 760 companies that did not pay any corporate income tax in 2018-19..
Publication Date: 11 December 2020
AUSTRALIAN TAXATION OFFICE RIO TINTO LIMITED - ASX RIO BHP GROUP LIMITED - ASX BHP COMMONWEALTH BANK OF AUSTRALIA - ASX CBA NEWS CORPORATION - ASX NWS SANTOS LIMITED - ASX STO WOODSIDE PETROLEUM LIMITED - ASX WPL CHEVRON CORPORATION
By Tom McIlroy
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