Business
The Usual Suspects: oil and gas majors star in Australian tax heist – Michael West News
ATO transparency data shows oil and gas companies as terrible taxpayers despite their large public subsidies such as the refineries rescue package
Imagine making $13.3 billion and paying no income tax for the year or, even better, raking in $56.5 billion over six years and paying nary one red cent in tax; a big fat donut.
Would you care to pocket $5.6 billion for the year, a la Viva Energy (formerly Shells petrol business), and pay no income tax?
Then how about this? Drum roll, trumpets, lights – good old Energy Minister Angus Taylor bobs along with his $2.3 billion oil industry rescue package and slings you some taxpayer money in case you…
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