theguardian.com
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 noted there could be legitimate reasons
Microsoft’s datacentre business and 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 like Netflix also only pay tax on a small fraction of their turnover, according to the Australian Tax Office (ATO). Continue reading...