ATO database names big companies – including Microsoft subsidiary and Netflix – that pay little corporate tax but notes there could be legitimate reasons
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Microsoft’s datacentre business and the Optus parent Singtel are among a string of major corporations generating billions of dollars in revenue in Australia while paying zero income tax.
Well-known multinationals including Netflix also only pay tax on a small fraction of their turnover, according to the Australian Taxation Office.
The post Microsoft’s datacentres and Optus owner among firms paying zero tax on billion-dollar Australian revenues appeared first on World news | The Guardian.
