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The Australian companies paying the most – and least – tax

Tom McIlroy

Qantas, Star Entertainment, Toll, and Insurance Australia Group paid no company tax in Australia in 2022-23, with huge revenues from miners and oil and gas companies helping the Australian Taxation Office secure a record $100 billion haul.

Tech giants including Google Australia, Facebook and Apple each had significantly smaller tax bills, despite billions in revenue. Apple paid $142 million in tax, after recording $12.6 billion in total income, ahead of Google’s $124 million bill, based on $2 billion in income.

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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com

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    Original URL: https://www.afr.com/politics/federal/the-australian-companies-paying-the-most-tax-20241021-p5kjve