THE LEDGER / A DECADE ON THE RECORD14 COMPANIES · 2023-24
The Ledger
The reserve empties, and the tax that returns is a trickle. The whole register: what each company took in, and what it paid in company income tax, straight from the ATO's own file. A$0 is the story.
A$1.57tn
Total income, all 14 companies
A$28.3bn
Company income tax paid
1.8%
Of total income, returned as income tax
5
Paid A$0 in every year on the register
Fig. 01 / The accounts · ranked by what came back
01Virgin AustraliaaviationA$53.7bn in, A$0 taxA$0 in 11 of 11 yrs→02INPEXgasA$43.2bn in, A$0 taxA$0 in 6 of 6 yrs→03Transurbantoll roadsA$28bn in, A$0 taxA$0 in 11 of 11 yrs→04News CorpmediaA$24.9bn in, A$0 taxA$0 in 11 of 11 yrs→05Sydney AirportinfrastructureA$11bn in, A$0 taxA$0 in 10 of 10 yrs→06SantosgasA$51.1bn in, A$3.1m taxA$0 in 10 of 11 yrs→07QantasaviationA$165.8bn in, A$278m taxA$0 in 8 of 11 yrs→08ChevrongasA$104.6bn in, A$7.94bn taxA$0 in 7 of 11 yrs→09ShellgasA$112.1bn in, A$3.78bn taxA$0 in 6 of 11 yrs→10WoodsidegasA$111.8bn in, A$5.96bn taxA$0 in 4 of 11 yrs→11NinemediaA$23.4bn in, A$576m taxA$0 in 2 of 11 yrs→12Seven West MediamediaA$18.8bn in, A$368m taxA$0 in 2 of 11 yrs→13WoolworthssupermarketsA$573.4bn in, A$6.96bn taxA$0 in 0 of 11 yrs→14ColessupermarketsA$250.6bn in, A$2.42bn taxA$0 in 0 of 6 yrs→
Fig. 01Source: ATO Report of Entity Tax Information · 14 companies · total income against income tax paidAs of 2023‑24Read directly
Exhibits on this page1 figure
- Fig. 01The accounts · ranked by what came backATO Report of Entity Tax Information · 14 companies · total income against income tax paid
Nil years are marked, never estimated. A gap means the figure is not in that year’s ATO report.
Sources. ATO Corporate Tax Transparency, Report of Entity Tax Information 2013-14 to 2023-24 (data.gov.au), read directly. Releases read: 2013-14 · 2014-15 · 2015-16 · 2016-17 · 2017-18 · 2018-19 · 2019-20 · 2020-21 · 2021-22 · 2022-23 · 2023-24. "Total income" is the ATO gross-income line, not profit; company income tax is levied on taxable income, so a low share can reflect thin margins as much as tax planning. A$0 on billions of income, year after year, is the figure that tells the story. PRRT across the gas names totals A$4.14bn over the years the ATO reports it.