Scandal-ridden telco Optus , the world’s biggest meat producer, global tech firms and huge gas producers are among a host of major companies earning billions of dollars a year but paying zero income tax.

The latest corporate transparency report from the Australian Taxation Office revealed a string of mostly multinational firms continue to pay no or very little tax on income in Australia, including household names such as Netflix, Apple and Microsoft. Why doesn’t Adani pay any corporate tax? - podcast Read more

Singapore Telecom, the locally registered owner of Optus , earned $8.2bn in 2023-24, but reported zero taxable income and paid no tax on that, the ATO data showed.

Tax minimisation was most evident among multinational firms, but wasn’t only the domain of hi-tech firms.

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