ExxonMobil, Chevron, Shell paid no tax in Australia for 2016

Australia's statutory corporate tax rate is 30 per cent, a rate the government wants to reduce to 25 per cent.

The ATO said that, of those not paying tax, 219 entities reported taxable income but were able to deduct prior-year losses; 59 reported a taxable income but were also entitled to offsets, such as the research and development incentive; 127 entities reported an accounting profit but tax deductions were allowed at higher rates than for accounting; and 327 entities reported an accounting loss.

Similarly, Microsoft, which reported a total income of AU$777 million and a taxable income of AU$141 million, paid AU$42 million in tax during 2015-16; while Samsung Electronics Australia earned a total of AU$2.5 billion, of which AU$12 million was taxable, resulting in AU$3.6 million being paid in tax.

Foxtel Holdings paid $19,908,594 in tax on $794,553,356 total income, whilst News Pay TV Financing paid $27,621,710.

IT companies which have come under scrutiny in recent years lifted their tax payments.

Google Australia generated AU$502 million in income locally, and paid 13 percent of its taxable income - AU$122 million - to the ATO, which totalled AU$16 million.

Glencore Investments declared $18.3 billion in income but not a cent in tax.

Foxtel Cable Television Pty Ltd and Foxtel Management reportedly paid no tax on $2,031,705,308 and $237,023,747 respectively.

Seven West Media paid $53.5 million on a taxable income of $199 million.

It should be noted that it is highly likely a number of the companies in the list that reported taxable income of zero did so because they also reported a net loss during the period.

Apple, which reported a total income of $7.57 billion during the year, claimed taxable income of $393.3 million and paid $117.9 million in tax.

"In addition, we expect to begin to see the impact of the MAAL in the 2016-17 data as companies restructure to comply with the requirements of the new law", he said.

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