Companies don't pay tax on income.You need to look at company...

Companies don't pay tax on income.
You need to look at company reports for yourself to get a clear picture of what is going on..

I know that there are many companies doing dodgy things with tax but some of the figure's quoted are at odds with company reports I have looked at.





Ampol full year 2021 and 2020

Revenue ($m)	21,629	15,409.10	40.4
Net profit ($m)	560	-484.9
Final dividend (¢)	41	23	78
Date dividend payable	March 31

Woodside 2020 2021

The data reported in the Australian Taxation Office (ATO) 2020-21 Report of entity tax information shows that in respect of the financial year ended 30 June 2021, the three Woodside corporate entities had combined taxable income of approximately A$1.5 billion and income tax payable ofapproximately A$390 million.

Woodside is the largest payer of Petroleum Resource Rent Tax (PRRT) and among Australia’s top tax contributors.¹

· A record A$5 billion was paid by Woodside in Australian taxes, royalties and levies to the Commonwealth and State governments in 2023.

· We also reported a 42% all-in effective tax rate in respect of our global profits in 2023.²

· Since 2011 Woodside has paid more than A$18 billion in Australian taxes, royalties and levies. In this same time period, Woodside has also paid wages to Australian employees which have generated A$4.1 billion in Pay as you go (PAYG) withholding – which goes back into towns, communities and cities all over Australia.³

Taxes paid and benefits to the Australian economy (woodside.com)

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