Australian Tax Office Finds One-Quarter of Large Firms Paid No Tax
New data also shows nearly half of homebuyers are using a 5% deposit scheme as housing affordability remains in focus.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Australia's Tax Office has found that roughly one-quarter of the country's largest companies paid no corporate tax, according to figures reported by The Guardian, reviving debate over corporate tax practices in the country.
Separately, new data shows that almost half of Australian homebuyers are now using a government-backed 5% deposit scheme to help them get on the property ladder, reflecting the ongoing affordability pressures facing first-time buyers in the housing market.
The release of the tax data comes as Australia's government continues to face scrutiny over corporate tax enforcement, with the finding likely to fuel calls for tighter rules on tax minimization strategies used by large firms. Officials have pointed to a combination of legitimate deductions, losses, and more aggressive tax planning as factors behind the zero-tax figures.
On housing, officials have highlighted the deposit scheme as part of broader efforts to improve access to home ownership, alongside measures aimed at boosting housing supply and improving conditions for renters.
Sources
- Australia news live: ATO finds one-quarter of big firms pay zero tax; almost one in two homebuyers using 5% deposit scheme — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
Lahore chamber seeks one-month extension for income tax filing
LCCI's newly elected president has asked Pakistan's tax authority to push the Tax Year 2026 deadline back to October 31.
House Prices Fall Hardest in Brisbane and Sydney as National Values Drop 5.2%
New Cotality data shows property values declining across most Australian suburbs as higher borrowing costs weigh on buyers.
Brisbane and Sydney Lead Falls in Australian House Prices as Values Drop 5.2%
New Cotality data show property values sliding fastest in Brisbane as higher interest rates squeeze borrowing capacity across the country.
Queensland misses deadline to join federal Thriving Kids childhood support program
Queensland's state government did not sign up to the federal Thriving Kids program before its rollout began, a scheme aimed at supporting young children with mild to moderate autism or developmental delays.
ATO Finds Quarter of Big Firms Paid No Tax as NDIS Alternative Launches
Australian Taxation Office data shows one in four large companies paid zero tax, as the government rolls out its Thriving Kids program as an NDIS alternative.
Australia's Cheapest Mayonnaise Also Rated Best-Tasting in Choice Test
Consumer group Choice found Aldi's Colway Real Mayonnaise tied for first place among 29 products tested, while the lowest-ranked option had far more sugar than its rivals.