file://Who%20pays%20what%3F%20ATO%20names%20large%20companies%20t...

  1. 21,816 Posts.
    lightbulb Created with Sketch. 769
    file://Who%20pays%20what%3F%20ATO%20names%20large%20companies%20that%20paid%20zero%20tax%20in%202014-15%20-%20ABC%20News%20(Australian%20Broadc.html


    Manufacturer.....................................Revenue.............................tax paid.........................% of Revenue tax

    General Motors (GMH) .....................$3,704,748,755...................nil.......................................nil
    Ford.....................................................$2,496,821,478..................nil.......................................nil
    Toyota.................................................$10,195,080,554...........$150,884,361...........................1.48
    BMW...................................................$2,261,474,636.............$51,763,128.............................2.29

    If Ford, GM & Toyota paid the same % of revenue tax that BMW paid then:

    GM would have paid..................$84,838,746
    Ford would have paid................$57,177,212
    Toyota......................................$233,467,345

    Total.........................................$375,483,303
    Amount paid by Toyota...........$150,884,361
    Balance....................................$224,598,942 (Had our 3 manufacturers paid the same % of revenue that BMW paid, then
    the ATO would have collected an extra $224,598,942.

    All three were major importers of vehicles, parts etc while manufacturing/assembling in Aus and let us now hope that
    when they are no longer financially lumbered by Aussie factories, that they will pay normal tax.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.