Biggest ten companies here paying no tax - ATO

The ATO has been able to release the companies in Australia that pay no tax. Surprisingly it's about a quarter of all companies that operate in Australia pay no tax at all.

They do so by making an "accounting loss" over the financial year. In other words they can afford accountants that can get very inventive.

Here are the top ten companies that "make an accounting loss" and pay nothing. The complete list is here. 

Top ten not paying tax 

1. Qantas Airways, earned $14.9 billion 
2. GHP 104 160 689 Pty Ltd, earned $11.731 billion 
3.  ExxonMobil Australia, earned $9.617 billion 
4. Lend Lease Corporation, earned $7.683 billion 
5. Citic Resources, earned $5.051 billion 
6. Mitsubishi Development, earned $4.615 billion 
7. Glencore Investment, earned $4.612 billion 
8. Hope Downs Marketing, earned $4.445 billion 
9. Virgin Australia, earned $4.3 billion 
10. General Motors Australia, earned $4.138 billion Sydney Morning Herald 

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