Big business ‘shirks’ fair share of tax load

Original article by Heath Aston, Georgia Wilkins
The Sydney Morning Herald – Page: 1 : 29-Sep-14

Trade union United Voice and the Tax Justice Network have issued a new study on the tax paid by the 200 largest listed companies in Australia. "Who Pays for Our Common Wealth?" shows that 84% of these groups pay below the supposed rate of 30%, and close to a third pay less than 10%. Tax havens are used by nearly 60% of the corporations, via subsidiaries. However Corporate Tax Association CEO Frank Drenth disputes the analysis

CORPORATES
CORPORATE TAX ASSOCIATION, TAX JUSTICE NETWORK, UNITED VOICE, GROUP OF TWENTY (G-20), STANDARD AND POOR’S ASX 200 INDEX, 21ST CENTURY FOX INCORPORATED, TOLL HOLDINGS LIMITED – ASX TOL, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, THE STAR, JAMES HARDIE INDUSTRIES PLC – ASX JHX, SYDNEY AIRPORT – ASX SYD, AUSTRALIAN TAXATION OFFICE, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNIVERSITY OF TECHNOLOGY, SYDNEY, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN NATIONAL UNIVERSITY, TAXATION INSTITUTE OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

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