The proportion of large companies in Australia that paid no tax in the most recent income year has declined from 36 per cent to 28 per cent over the past 11 years.
The Australian Taxation Office (ATO) said the drop was largely a reflection of better business conditions, but its tax compliance work had also contributed.
The ATO's 11th annual corporate tax transparency report (CTT), which covers large corporate entities with a total income equal to $100 million or more, was released on Thursday.
It showed 4,110 corporate entities lodged tax returns for the 2023–24 income year, and 1,136 paid no tax (28 per cent).
High Court throws out ATO's case against PepsiCo Photo shows Bottles of Pepsi are pictured at a grocery store in California.
An exclusive bottling agreement sees 99.95 per c