The Sydney Morning Herald logo

Company tax

Advertisement
The ATO has been involved in an unprecedented international "day of action" by tax agencies targeting a Central American bank.

After years of restraint, Tax Office ramps up travel bans on major debtors

Data obtained by this masthead show the Tax Office used its powers to stop multimillion-dollar tax debtors leaving Australia just 46 times over six years, before sharply escalating enforcement this financial year.

  • Carla Hildebrandt

Latest

Treasurer Jim Chalmers and Finance Minister Katy Gallagher reveal the budget continues to bleed because of collapsing tobacco excise.

Cost of cigarette excise collapse passes $50 billion as income taxes prop up budget

The mid-year budget update confirms the nation’s finances are still a sea of red ink as the government relies on more taxes.

  • Shane Wright
1800 Lasagne has regularly held speed dating events over the past year, with most selling out.

Pandemic darling 1800 Lasagne was insolvent within five months of opening

The Thornbury venue racked up more than $2 million in unpaid taxes including staff superannuation in just under five years.

  • Sarah Danckert
Minimum-wage earners will be hardest hit by projected increases in income tax.

Workers face paying extra $300 billion in tax without reforms

Income tax is the government’s single largest source of revenue. It’s only going to grow, new analysis shows, hitting workers for an extra $300 billion.

  • Shane Wright
Nick Solomos with Adrian Portelli during an auction on The Block.

‘I can save that gym’: Billionaire Adrian Portelli again eyes takeover of Derrimut empire

Portelli has launched a second rescue bid for the Derrimut 24:7 Gym empire, hinting at “buying the whole lot” days after his initial attempts were derailed.

  • Isabel McMillan and Hannah Hammoud
Nick Solomos placed a key company within his Derrimut 24:7 gym empire into administration on Thursday.

Derrimut gym empire enters administration

Derrimut gym founder Nick Solomos handed over control of a key company on Thursday as he continues his desperate fight to rescue his debt-ridden empire.

  • Carla Jaeger, Sophie Aubrey and Sarah Danckert
Advertisement
LNG leaves Gladstone Harbour in Queensland. The ACTU believes the federal government should slap LNG exports with a 25 per cent levy.

‘For every $100 of gas exported, Australia gets 43 cents’: Unions open new tax battle

The federal government this week overhauled its superannuation tax reforms. Now the union movement says it should radically overhaul taxes on gas exports.

  • Shane Wright
Singapore Telecom, the parent company of Optus, has not paid company tax in four years despite more than $24 billion in income.

Optus rings up no tax as miners and banks support the budget

The parent company of Optus has for the fourth successive year managed to record $8 billion in income without paying company tax.

  • Shane Wright and Nick Newling
Chevron, JBS and Optus’ parent company were among the firms that paid no income tax in Australia in 2023-24.

Optus was almost out of the news. A tax report dragged it back in

It’s been a bad fortnight for Optus. A new tax report has caused more problems, but there are legitimate reasons a company does not pay tax.

  • Shane Wright
Paul Docherty.

Just $500 cash, $75 million in debt: The parlous state of former Melbourne Rebels boss’s finances

After a series of business failures, Paul Docherty claims he now has $500 in cash and no house, car or superannuation, along with a staggering pile of debts, including to the wealthy Myer family.

  • Sarah Danckert and Carla Jaeger