Why some big brands pay no tax

Netflix. AGL. Virgin Australia. What do these companies have in common? Well, they generate hundreds of millions of dollars in revenue each year, but paid no company tax in the 2023/24 financial year. That’s according to the Australian Tax Office’s annual corporate tax report released last which.So how can this be? We’ll break it down in today’s podcast. Hosts: Billi FitzSimons and Sam KoslowskiProducer: Orla Maher Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.