How can we justify that many large companies (in Australia) pay zero tax for years? Is that related to fraudulent behaviour or loop-holes in the tax system? Whichever is the reason, where is the highly talked-about notion of CORPORATE SOCIAL RESPONSIBILITY being practised? Is this the LEADERSHIP organisation getting commonly. In these circumstances, how can our societies get directed to sustainability? Can we rely on old leadership/economic models to achieve sustainability?
http://www.abc.net.au/news/2018-02-14/why-many-big-companies-dont-pay-corporate-tax/9443840?licu=urn:li:control:d_flagship3_profile_view_base_recent_activity_details_shares-object§ion=business
Tax is paid on profits and not on revenue. If a company makes no taxable profits or carries over tax losses from earlier years (which is permitted in Australia) then there will be no tax due.
You might note that the ABC has withdrawn this piece after criticism of Emma Albereci in the Australian Financial Review.
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