Billions of dollars, none of it taxed: ATO reveals the tech giants paying zero income tax

Database names big companies – including Microsoft subsidiary and Netflix – that pay little corporate tax but notes there could be legitimate reasonsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMicrosoft’s datacentre business, Optus parent Singtel and major coal and gas companies are among a group of large corporations generating billions of dollars in revenue in Australia while paying zero income tax.Well-known multinationals including Netflix also only pay tax on a small fraction of their turnover, according to the Australian Taxation Office. Continue reading...