Claims extracted
21
sentences that state something as happening or true
Uncertain
10%
2 of 21 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
66/100
The Guardian's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Microsoft’s datacentre business and the Optus parent Singtel are among a string of major corporations generating billions of dollars in revenue in Australia while paying zero income tax.
asserted
business → generate → tax
Well-known multinationals including Netflix also only pay tax on a small fraction of their turnover, according to the Australian Taxation Office.
uncertain
multinationals → know → Office
The ATO’s transparency database for 2024-25 shows more than one-quarter of big companies, often based overseas, regularly pay no or little corporate tax in Australia.
asserted
quarter → show → Australia
This includes the Brazilian-owned JBS Global Meat Holdings, which generated more than $4.8bn in revenue but paid zero tax, in a recurring pattern for the global food company.
asserted
which → include → company
While the ATO does not typically publish tax information of individuals or companies, it is required by parliament to do so for all entities that generate at least $100m in Australian income.
asserted
that → publish → income
The report did not provide detail as to why individual companies paid zero tax but noted there could be legitimate reasons for it – including making a loss, or using deductions and offsets to lower the taxable income.
uncertain
companies → provide → income
Overseas companies often reduce their taxable income by making payments to related entities located in lower-taxing jurisdictions.
asserted
companies → reduce → jurisdictions
The practice is known as profit shifting and can attract the scrutiny of regulators.
asserted
practice → know → regulators
The ATO’s acting deputy commissioner Michelle Sams said the agency was increasingly focused on making sure digital businesses and supply chains paid their share of tax.
asserted
paid → act → tax
“We look very closely if there’s no tax being paid in significant industries, including things like datacentres, to make sure that the level of tax being paid reflects the economic activity that’s happening in Australia,” Sams said.
asserted
Sams → look → Australia
Microsoft’s datacentre business generated $2.3bn in revenue from Australia during the financial year but reported no taxable income.
asserted
business → generate → income
The company’s computer and software business paid $160.6m in tax after generating more than $9.2bn in revenue in Australia.
asserted
business → pay → Australia
Microsoft was contacted for comment.
asserted
Microsoft → contact → comment
Netflix’s local operation, which regularly pays little tax in Australia, paid the ATO $8.4m after generating more than $1.4bn in local revenue.
asserted
which → pay → revenue
TikTok Australia paid $17.3m in tax after recording $686.6m in revenue.
asserted
Australia → pay → revenue
An ATO ruling designed to clamp down on profit shifting is expected to raise significant sums from technology companies.
asserted
ruling → design → companies
But it is expected to face legal challenges.
asserted
it → expect → challenges
Parliament also passed revamped media bargaining laws in August, clearing the way for levies on global tech platforms that fail to strike deals with Australian news outlets over the use of their journalism.
Singtel went from a regular taxpayer in Australia before 2020 to a company that now regularly reports zero taxable income.
asserted
that → pass → income
In 2024-25, it generated more than $8.3bn in total income but didn’t pay tax.
asserted
it → generate → tax
An Optus spokesperson has previously said its negative tax position was due to infrastructure investments and operating expenses.
asserted
position → say → investments
The New Zealand dairy giant Fonterra was another major earner, with more than $2.4bn in total income, that didn’t pay tax – as was Sony Australia ($1.6bn in revenue) and the online retailer Kogan ($642m).
asserted
Australia → pay → revenue
The Aporia
