Telco skips company tax as large businesses step up

A taskforce set up to crack down on businesses not paying tax is producing results, the ATO says. (Russell Freeman/AAP PHOTOS)

The number of large companies in Australia that don't pay any tax has fallen to a record low but some industry heavyweights still avoid paying any dues.

The Australian Taxation Office published its tax transparency report on Thursday, finding big businesses collectively payed more than $100 billion in tax in the 2023/24 financial year.