northwest ATO names Large Companies that paid ZERO TAX in 2014-15
Welcome, Guest. Please login or register.
Saturday January 21 2017 05:11:05 AEDT AM
Home Help Login Register
News: forum firewall bad behaviour Cloudflare Bot scout
Welcome to the Australianelectronicgoldprospectingforum founded in July 2010, an add free totally independent forum with over 70 boards and paid for and managed by the Admin.Total forum Topics:8,582 Total forum Posts:40,044 Members: 612 Total page views:7,258,084 Admin and  forum and domain name owner :marjen at optusnet.com.au. Guests can only see a limited number of boards at present and cannot see any links. Guest cannot post and never will be permitted too!Registration of new members must be approved by admin.Anyone known to have any past or present association with Codan/ML or acting on their behalf as a proxy or intermediary  will not have their registration approved. All  original Photos and posts and  original materials displayed on this site are COPYRIGHTED and remain the property of the poster and the australianelectronicgoldprospectingforum.com. All messages on this forum express the personal views of the author and should not be interpreted as necessarily being in accord with those of the forum owner and neither the owner of this forum and its domain name nor SMF or the forum software developers or the forum host shall be held responsible for the content of any message. Admin reserves the right to remove any offensive or objectionable posts. No defamatory material or politics/religion or issues of race will be permitted.
QED coming soon!
Goldsearch Australia has been appointed the Australian Distributor for the QED.Check their website after  Wed 7th Dec 2016.
Global temperature goes from heat record to heat record, yet the sun is at its dimmest for half a century.
What is empirical  evidence?
Empirical evidence is information acquired by observation or experimentation. This data is recorded and analyzed by scientists and is a central process as part of the scientific method. Why is everything posted on climate by Inhere always horseshit?
Poor old  Inhere on finders still does not know the difference between weather and climate!The silly old goat seems to think because some places have recently had very cold weather that this brings into question  AGW!  Only right wing rabble rubbish climate deniers like horseshit Inhere don't  seem to understand  that AGW will mean that some regions of the earth will become colder!
Why is  onehalfgram :1/2 wit always wrong  on the QED?

australian electronic gold prospecting forum.com  |  Off topic  |  Off topic  |  Topic: ATO names Large Companies that paid ZERO TAX in 2014-15 0 Members and 1 Guest are viewing this topic. « previous next »
Pages: [1] Go Down Print
Author Topic: ATO names Large Companies that paid ZERO TAX in 2014-15  (Read 104 times)
Huego
invited members
Supreme Hero Member
****
Offline Offline

Posts: 3916



« on: Tuesday December 13 2016 14:44:17 AEDT PM »

                        Aust Tax Office names 670 large companies that
                      paid zero tax in 2014-15, but suggests considering the following points (before condemning them I guess):

                      • The data contains the total income, taxable income and tax payable of more than 1,900 public, private and foreign-owned entities for the 2014-15 income year.

                      • It includes public and foreign-owned companies that have a total income of $100 million or more, and private entities with a total income of $200 million or more.

                      • Cells containing a dash (-) represent "an amount of zero or less".

                      • The report only contains individual companies, not groups of companies

                      • Some of the companies reported here as paying no tax had related entities that did pay tax.

                      • The ATO notes that "no tax paid does not necessarily mean tax avoidance", as "the aggregate figures listed cannot and do not reflect the complexity of the tax system".

                      None the less, many earn BILLIONS each year but manage to write of profits so to avoid paying tax that others then have to pay.

                      link:  http://www.abc.net.au/news/2016-12-09/tax-data-transparency-ato/8106178
                      [/list][/list][/list][/list][/list][/list][/list][/list][/list][/list][/list]
                      Logged

                      Views expressed are without prejudice, moderation, in the public / consumer interest & their "right to know"! He reserves his right to: think freely & speculate, make mistakes & change his mind, even play with the nutters & "fairies". Prove me wrong 0.543! Still fighting greed & injustice my way :-)
                      Doug
                      Administrator
                      Revered Supreme Hero Member
                      *******
                      Offline Offline

                      Posts: 14911



                      « Reply #1 on: Tuesday December 13 2016 15:02:08 AEDT PM »

                        
                                            Aust Tax Office names 670 large companies that paid zero tax in 2014-15, but suggests considering the following points:

                                          • The data contains the total income, taxable income and tax payable of more than 1,900 public, private and foreign-owned entities for the 2014-15 income year.
                                          • It includes public and foreign-owned companies that have a total income of $100 million or more, and private entities with a total income of $200 million or more.
                                          • Cells containing a dash (-) represent "an amount of zero or less".
                                          • The report only contains individual companies, not groups of companies
                                          • Some of the companies reported here as paying no tax had related entities that did pay tax.
                                          • The ATO notes that "no tax paid does not necessarily mean tax avoidance", as "the aggregate figures listed cannot and do not reflect the complexity of the tax system".
                                          None the less, many earn BILLIONS each year but manage to write of profits so to avoid paying tax that others then have to pay.

                                            

                                          [/list][/list][/list][/list][/list][/list][/list][/list][/list][/list][/list]

                                          One of course was Codan!
                                          Taxable income $18,625,656
                                          doug smile
                                          Logged

                                          All posts on this forum are the personal views of the author and should  not necessarily be  interpreted as those of Admin The QED contains NO patented or protected IP!!! No fake users on this site! This forum does not depend on  guest posting liars to survive!1/2 wit powerless to login and post! LO
                                          Huego
                                          invited members
                                          Supreme Hero Member
                                          ****
                                          Offline Offline

                                          Posts: 3916



                                          « Reply #2 on: Tuesday December 13 2016 15:10:25 AEDT PM »

                                            

                                          One of course was Codan!
                                          Taxable income $18,625,656
                                          doug
                                          smile


                                          Yes indeed, and that $18.6 M was on Taxable Income (after allowed expenses) on a total income of $120 M.

                                          Tax Payable on $18.6Million of Gold Tax?......ZILCH, ZERO & Nada (I wonder if the directors got a bonus for that?)

                                          As some would say ..... "IT DOESN'T SEEM FAIR" .... but what is fair in the business world?
                                          Making a profit for the shareholders, directors & paying them a dividend & bonus always "seems fair" by them.

                                           smile

                                          Logged

                                          Views expressed are without prejudice, moderation, in the public / consumer interest & their "right to know"! He reserves his right to: think freely & speculate, make mistakes & change his mind, even play with the nutters & "fairies". Prove me wrong 0.543! Still fighting greed & injustice my way :-)
                                          Huego
                                          invited members
                                          Supreme Hero Member
                                          ****
                                          Offline Offline

                                          Posts: 3916



                                          « Reply #3 on: Tuesday December 13 2016 15:40:56 AEDT PM »

                                          A few of interest include minerals mining & energy as well as building & auto companies
                                          Registered name followd by total income (most in Billions$) followed by (taxable income, if any)

                                          ANGLOGOLD INVESTMENTS AUSTRALIA PTY LTD      $874,019,667     (45,083,920)
                                          BHP BILLITON ALUMINIUM AUSTRALIA PTY LTD      $4,955,930,348     (495,380,720)
                                          CHEVRON AUSTRALIA HOLDINGS PTY LTD             $3,088,416,159         (-)
                                          EXXONMOBIL AUSTRALIA PTY LTD                        $8,464,272,972         (-)
                                          GENERAL MOTORS AUSTRALIA LTD                        $3,704,748,755        (-)
                                          GLENCORE INVESTMENT HOLDINGS  AUSt. LTD      $7,787,854,928         (-)
                                          HEWLETT PACKARD SOUTH PACIFIC PTY LTD       $3,528,228,816           (-)   
                                          LENDLEASE CORPORATION LIMITED                    $8,794,836,828           (-)
                                          NEWCREST MINING LIMITED                              $3,690,629,404     (2,181,675)
                                          ORIGIN ENERGY LIMITED                                  $12,200,600,757         (-)

                                          (-)  = zero taxable income = NO TAX PAID to ATO on TAXABLE INCOME

                                          Logged

                                          Views expressed are without prejudice, moderation, in the public / consumer interest & their "right to know"! He reserves his right to: think freely & speculate, make mistakes & change his mind, even play with the nutters & "fairies". Prove me wrong 0.543! Still fighting greed & injustice my way :-)
                                          6666
                                          Newbie

                                          Offline Offline

                                          Posts: 131


                                          « Reply #4 on: Tuesday December 13 2016 21:17:25 AEDT PM »

                                          And this is why pensions are being reduced in 2017, and they continue to screw the last cent out of  the average citizen earning a crappy $50K
                                          Logged
                                          Pages: [1] Go Up Print 
                                          australian electronic gold prospecting forum.com  |  Off topic  |  Off topic  |  Topic: ATO names Large Companies that paid ZERO TAX in 2014-15 « previous next »
                                          Jump to:  


                                          Login with username, password and session length

                                          Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2006-2009, Simple Machines
                                          Simple Audio Video Embedder

                                          BisdakworldClassic design by JV PACO-IN
                                          Valid XHTML 1.0! Valid CSS!
                                          gold