Australian Tax Office Reels in $100 Billion in Corporate Taxes

Meanwhile, more than 1,200 entities, or roughly 31 percent of the corporate tax population, paid no tax.

An Australian 100 dollar note is shown on Oct. 6, 2009. Greg Wood/AFP via Getty Images

Corporate Australia has paid nearly $100 billion in income tax for the 2022/23 financial year, marking a record 16.7 percent increase from the previous year, according to the Australian Taxation Office’s latest report.

The 31-page Corporate Tax Transparency report, covering 3,985 entities, reveals record-high tax receipts, largely driven by major corporations.