One-third of large Australian companies paid no tax, ATO data show

About one-third of large companies have failed to pay tax, even though they made a gross profit, but the Tax Office says most have good reasons, according to the latest corporate tax transparency report released today.

Of the 2,109 entities monitored by the ATO in data covering 2016-17, 66 per cent paid tax although the remainder did not as they claimed tax losses and concessions that can go back several years.

"While the majority of entities in the corporate transparency population made profits and paid tax in relation to the 2016-17 year, some do not pay tax," the transparency report said.

The above is an article on the ABC website and with the article is a list published for a range of companies with taxable income and tax . Glencores income and tax is mind boggling . $1.6B in taxable income and paid $1000 tax .

 Now that's a great argument for a mining tax .