Large Australian Corporations Pay Record A$97.9 Billion in Taxes

Australia collected its largest corporate tax haul in history last year, reporting a record A$97.9 billion ($6.4 billion) in taxes paid by large corporations.

The Australian Corporate Tax Association said the number was an increase of A$14.1 billion from the year before, a release by the group said.

The data covers companies with A$100 million or more of annual turnover.

• The CTA released the numbers for the 2022-2023 year on Nov. 1.
• It also said 84% of the largest businesses in Australia have received a medium or high assurance rating from the Australian Tax Office, ...