Microsoft’s datacentres and Optus owner among firms paying zero tax on billion-dollar Australian revenues

ATO database names big companies – including Microsoft subsidiary and Netflix – that pay little corporate tax but notes there could be legitimate reasons Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Microsoft’s datacentre business and the Optus parent Singtel are among a string of major 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...

Read it at The Guardian (World) ↗

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