This is amazing -
you can click and find out about each company:
https://www.michaelwest.com.au/top-40-tax-dodgers-2019/https://www.michaelwest.com.au/companies/tax-dodgers/exxonmobil-australia-pty-lt...ExxonMobil Australia Pty Ltd
ExxonMobil Australia Pty Ltd
4 year total income $33,170,960,652
4 year taxable income $0
Whether it is misleading the Parliament of Australia, cutting its workers’ wages, paying zero tax while racking up $33 billion in sales, sending gas prices into the stratosphere or dudding the poor people of Papua New Guinea, Exxon has flair.
They are also masters of intrigue. You won’t find the financial reports for ExxonMobil Australia on its website, you won’t even find the names of the directors, despite the enormity of this operation. You certainly won’t find their photographs without googling madly and paying for company searches.
You absolutely won’t find mention of the 585 entities Exxon has in the Bahamas, or a for that matter, any breakdown of related tax haven associations.
How is it that this, the biggest of the US oil majors, a corporation which has been making fabulous profits in Australia for fifty years, can pay zero income tax? How does it skin its taxable income in this country back to zero?