Big firms including News Corp, Exxon and Chevron paid no tax in 2016, Tax Office says

Flickr, Donkey Hotey

Rupert Murdoch’s News Corporation paid no tax whatsoever in 2015-16 on an Australian income of $2.9 billion. Its competitor Fairfax Media, owner of The Age and The Sydney Morning Herald, paid $16 million on a lower income of $1.48 billion.

The payments are revealed in the third annual corporate tax transparency report required under legislation that forces the Tax Office to divulge tax details for Australian public and foreign-owned entities with income of $100 million or more …

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Fairfax