Australia’s Big Companies Paid Nearly $96 Billion in Tax Last Year, ATO Says

The figure, while down from last year’s peak, is the second-highest on record.

The exterior of the Australian Government Taxation Office in Sydney on Monday, May 28, 2012. AAP Image/April Fonti

Australia’s large companies handed over $95.7 billion (US$63.11 billion) in income tax in 2023–24, according to the Australian Taxation Office’s (ATO) latest Corporate Tax Transparency report.

That figure, while down from last year’s peak, is the second-highest on record.