How Australia’s biggest companies are bleeding us dry

Sunday 28 September 2014

A new report to be released today, entitled “Who Pays for Our Common Wealth? Tax Practices of the ASX 200″, has revealed that 29% of Australia’s top 200 listed companies pay effective corporate tax rates of 10% or less, with 84% of companies paying less than the 30% corporate tax rate. From The Canberra Times:

Almost a third of Australia’s largest companies are paying less than 10¢ in the dollar in corporate tax…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.