Optus among companies earning billions in Australia but paying no income tax

Latest ATO report reveals string of mostly multinational firms continue to be able to pay no or very little income tax, including Netflix, Apple and Microsoft

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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.