innovationaus.com
The biggest tech suppliers to Australian governments are paying almost no tax relative to their soaring local incomes, transparency data has again shown, amid growing calls for revenue or services tax on Big Tech and smarter procurement policies. Data released by the Australian Taxation Office on Thursday for the 2024 financial year shows the likes of Amazon Web Services, Microsoft, Apple, IBM and Accenture booking multi-billion dollar incomes in Australia. But the firms’ taxable income is far lower and the actual tax paid is just a sliver of the local earnings, often just one or two per cent of the revenue.
3 months ago