Corporate Tax Transparency Quiz

How many large companies paid no tax according to the ATO report?

• 1,000

• 1,253

• 1,200

• 1,500

What percentage of companies did not pay tax in 2022-23?

• 50%

• 31%

• 25%

• 40%

What is one reason companies paid no tax according to the report?

• High profits

• Accounting loss

• Increased sales

• New investments

What is the global minimum tax rate agreed upon by over 140 countries?

• 10%

• 15%

• 20%

• 25%

Which sector paid the most tax in 2022-23?

• Banking

• Retail

• Mining

• Technology

How much tax was collected from entities that did pay tax?

• $90 billion

• $80 billion

• $97.9 billion

• $100 billion

What is the corporate tax rate in Australia?

• 25%

• 30%

• 20%

• 15%

Which company is mentioned as disputing a tax bill with the ATO?

• Coca-Cola

• PepsiCo

• Nestle

• Unilever

What is the focus of the ATO's compliance work?

• Hiring more staff

• Increasing sales

• Reducing costs

• Mispricing in cross-border dealings

What is the total taxable income of all entities in the report?

• $381 billion

• $400 billion

• $350 billion

• $300 billion