Optus and big companies under fire for not paying tax
10 News First · Just In
10 News First
Just In
The parent company of embattled telco Optus paid no corporate tax despite earning more than $8.2 billion in income from Australian customers. New ATO figures reveal the federal budget is increasingly reliant on miners and banks.
Breakdown
- Singtel, Optus's parent company, reported $8.2 billion in Australian income but paid no corporate tax. 12s
- The ATO's annual report revealed several large companies avoided paying tax, citing legitimate reasons like losses. 40s
- Telstra paid $756 million in tax, only 3.5% of its $21.5 billion income. 50s
- The government plans to introduce legislation to strengthen oversight of the triple zero emergency system. 1m 13s
- Debate continues over the timing and impact of government action following the Optus outage. 1m 32s