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Big Logistics Companies Avoiding Tax

Some of the world's largest marine and logistics companies operating in Australia are using a variety of techniques to avoid paying, or pay very little tax. The ATO recently released documentation providing details on tax avoidance that would make the average Australian worker's blood boil. The list released by the ATO looked at public and foreign entities that were recording profits of AUD 100 million or more in relation to the 2013-14 financial year.

Here are some of the companies that made the list released by the ATO:

Company NameTotal IncomeTaxable IncomeTax Paid
Agility Logistics$508,323,459$6,950,723$2,085,217
Asciano Limited$3,771,942,747$385,763,554$112,022,222
Crowe Horwath Aust.$333,900,780$9,569,984$2,700,816
DHL Global Forwarding$1,480,869,057$73,933,748$22,180,125
DP World$108,990,784$100$0
Panalpina World$199,037,269$1,038,671$311,601
QUBE Holdings$1,205,243,000$119,285,207$32,748,499
Toll Holdings$5,696,419,833$239,751,558$62,869,944


Upon release of the figures the ACTU released a statement as follows:

"579 large public and foreign companies in Australia paying no tax last year. The responsiblity for billions of dollars in lost corporate tax revenue falls on Australian working families. The average Australian would be stunned to learn that they pay more tax in their own personal tax return than ten companies with income of more than $100 million each, and there are a further 579 companies who paid no tax at all in 2013-14.

"In the last five years, tax revenue from business shrank from 23 per cent to less than 19 per cent, while individual tax increased from 37 percent to 39 percent. Australians are doing all the heavy lifting because so many big companies are able to avoid their tax responsibilities and it's time the loopholes were closed and tax dodgers vigorously pursued."