Multinational firms paid almost $40b in income tax last year, says Tax Office report

By Nassim Khadem
Updated October 31 2014 - 6:13am, first published 1:11am
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty
The Tax Office is focusing on companies that have undertaken international restructures or have "significant levels" of cross-border related-party arrangements. Photo: Andrew Quilty

Multinationals operating in Australia paid almost $40 billion in company income tax last year and transacted $400 billion worth of related-party deals.

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