But there are still concerns that tax avoidance is taking place, The Australian reported.
The total tax paid by Facebook, Apple, Microsoft and Google in 2016-17 was an increase of 160% over the previous financial year.
The report about the figures comes at a time when the Australian Government has just given trying to push a bill through that would have reduced the company tax rate by 5% from 30% to 25%.
The figures show that Apple earned $8.04 billion 2016-17 ((upto 30 September) and paid income tax of $282 million; Google earned $1.02 billion in 2017 and paid $102 million in tax; Facebook earned $479 million in revenue and paid $49 million in tax for 2017; and Microsoft paid $53 million in tax on $1.05 billion of income in 2016-17 (upto 30 June).
The changes in income tax paid were: Apple paid $282 million compared to $155 million the previous year; Google paid $232 million compared to $41 million; Facebook paid $49 million compared to $2 million; and Microsoft paid $53 million compared to $38 million in the previous year.
The companies confirmed that they had tinkered with their accounting in order to conform to the Multinational Anti-Avoidance Law which has been in operation since 2016.
The European Union has taken a much tougher stance than Australia on tax avoidance by American technology companies and has said it is looking for a permanent solution to the issue.