Australian Corporations Avoid Paying Tax.

How much tax did you pay on average from 2003-2013? That's none of my business is it?

I bet it's not as much as say Bunnings (BWP Trust) payed. A company that earned an average of $51,262,000 in pre tax profit p.a. Guess again. They paid $0. That's right, nothing.

What about Envestra Limited (A large Australian energy company). They earned on average $54,976,000 in pre tax profit p.a. They paid $0 also.

James Hardie? Nope, you paid more than them also. They earned on average $203,663,000 in pre tax profit p.a. but paid $0 tax.

You're probably thinking, "That can't be right." But it is happening. The 'system' has loopholes that allow this to happen. Loopholes that are designed to benefit the rich at our expense. The system needs to be changed.

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Source - http://bit.ly/taxshort