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  • Tax and Corporate Australia

    an effective tax system supports the social benefits we all enjoy. the key to an effective tax system is a high level of willing participation. this is built on the community having confidence that all taxpayers are paying the right amount of tax and in us as administrators. we share our tax system insights with stakeholders to improve awareness and encourage voluntary compliance.

    of particular concern to the community is the income tax compliance of large corporate groups. this population, some 1,620 groups each with a turnover of more than $250 million, make a significant contribution to our tax system and the australian economy.

    based on our detailed knowledge of the system as it operates in practice, most large corporate groups pay the right amount of tax. there will always be some who deliberately avoid their tax obligations. our message to businesses operating in australia is clear: you must pay the right amount of tax on the profits you earn here.

    we take our responsibility to the people of australia seriously. here you'll find details on ways we’re improving the system for those who want to comply, and how we're taking firm action against those who choose not to. we hope it provides you with an increased understanding of how australia's tax system is operating for the largest corporations.

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    Last modified: 12 Dec 2019QC 53273
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