Monday, 12 December 2016 06:43

IBM among tech firms that paid no tax in 2014-15 Featured

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A number of large technology companies operating in Australia, including IBM, paid no tax in the 2014-15 financial year, figures released by the Australian Taxation Office show.

This is the second time the ATO has released such figures, having done so for the financial year 2013-14.

Other tax-evaders include Acer, ASG, Amaysim, Citrix, Dicker Data, Dimension Data, HP South Pacific, IBM, Ingram Micro, Macquarie Telecom, NEC, Nextgen and Vodafone. Figures have been taken from lodged and processed returns or amendments advised by the companies.

The ATO has said that some of the companies could have paid no tax due to losses, or used offsets in order to avoid paying tax.

Three of the companies that were in the limelight during Senate Estimates hearings on tax avoidance in April 2015 — Google Apple amend Microsoft — all paid some tax for the 2014-15 year.

Apple Australia had total income of $3.94 billion, taxable income of $557.7 million and paid $182 million in tax.

Google Australia had total income of $438.6 million and taxable income of $108 million, but paid only $12.1 million in tax.

And Microsoft's total income was $679.4 million, taxable income was $111.1 million and it paid tax of $33.3 million.

But IBM, which was behind the stuff-up of the 2016 census, earned $3.6 billion, reported taxable income of $49.34 million and paid the ATO nothing.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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