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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

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

The Microsoft campus in Mountain View, California
Microsoft’s datacentre business generated $2.3bn in revenue from Australia during the financial year but reported no taxable income. It is among several big businesses to have done so in 2024-25. Photograph: David Paul Morris/Bloomberg via Getty Images

Microsoft’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.

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