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AAP
AAP
Politics
Poppy Johnston

Corporate tax soars but many paid nothing

Mining outperformed other sectors, largely thanks to strong iron ore prices and high export volumes. (April Fonti/AAP PHOTOS) (AAP)

Sky-high commodity prices fed into the biggest corporate tax haul in almost a decade but more than 30 per cent of big businesses didn't pay any.

Big businesses forked out a combined $68.9 billion in income tax in 2020/21 despite the lingering effects of COVID-19 on the economy.

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