Original article by Tom McIlroy
The Australian Financial Review – Page: 3 : 9-Nov-23

Data from the Australian Taxation Office shows that the federal government’s corporate tax receipts exceeded $83bn in 2021-22, compared with $68.2bn in the previous financial year. Companies in the mining, energy and water sector paid a total of $42.2bn in income tax for the year. ATO Deputy Commissioner Rebecca Saint says fiscal 2022 was the first year in which these sectors paid more tax than all other sectors combined. The ATO’s annual corporate tax transparency report also shows that 31 per cent of all companies paid no income tax for the financial year.

CORPORATES
AUSTRALIAN TAXATION OFFICE