Broken system lets big business off tax hook: institute

Australia's "broken" tax system allows many big companies off the hook, a think tank says. (Dan Peled/AAP PHOTOS)

Dozens of major Australian companies raking in billions of dollars a year do not pay a cent in company income tax, data shows.

Corporate Australia paid almost $100 billion in income tax in 2022/23, according to Australian Tax Office figures, an increase of nearly 17 per cent on the previous year.