The usual suspects star in annual Tax Office data-dump paying donut on their billions – Michael West Media

If there is proof that Morrison leads a do-nothing Government surely this is it

An important step in the battle between corporate tax lawyers constant innovations around Australia’s tax regulations. The report also reveals that roughly a third of all the companies analysed have paid zero tax, a metric consistent with previous years and one which Saint did not think would change substantially, even leading into the 2020-21 pandemic year.

While the Pandemic shellacked many businesses, the $90bn in JobKeeper subsidies propped many of them up, and some $20bn of it was wasted on companies which enjoyed rising revenues. Another $20bn went to corporations which did not need it, much was spent of executive bonuses and dividends to shareholders.

This time next year will will get a better idea of whether the corporate culprits which snaffled the massive JobKeeper subsidies paid their fair share of tax.

Source: The usual suspects star in annual Tax Office data-dump paying donut on their billions – Michael West Media

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