Imagine someone come up with idea building new houses via same system international company
You assume this doesn't happen today!? Most companies have ways of shifting large chunks of cash overseas to avoid paying tax...
Here is some facts, yes a few years old, but the ATO isn't super fast on releasing this data
Out of 1539 of Australia's largest corporate entities, 38 per cent did
not pay any tax in 2013-14.
The 1539 companies had a combined turnover of $1.6 trillion in turnover, $169.9 billion in profit, and paid a combined $39.9 billion in tax.
There were 579 local and foreign-based companies that paid no tax in 2013-14 which had a combined turnover of $405.9 billion and a taxable income of $4 billion.
Transfield with $2.8 billion turnover, had taxable income of $16 million, and zero tax.
Adani's Abbot Point Terminal in Queensland - with a turnover of $268 million - also paid no tax.
CSL had $2.1 billion turnover, $160 million in taxable income and paid zero tax.
News Australia, which had a turnover of $3.9 billion between its Australian arms, had $97.2 million in net income last year and paid $4.2 million in tax.
Steinhoff Holdings (owned through the Netherlands and with key brands Freedom (furniture), Snooze (bedding) and Buy Leather Republic) had a total income of $431 million, taxable income of $150 and paid no tax.
Fairfax Media had $1.7 billion in turnover, $69.8 million in net income and paid $16.1 million in tax.
Macquarie had turnover of $8.1 billion but paid just $127.9 million in tax.
RACV and RACQ both paid no tax despite net incomes of $119 million and $54.6 million
Nappy maker Unicharm Australia paid just $3 in tax last year (enough to buy an 80-pack of its baby wipes) out of a $10 profit. It had a turnover of $130 million over the same period.
and last of all, we can't forget Chevron
paid only $248 tax on $1.7b profit..... Yes you read that right, 248 dollars. Not million, not thousands, dollars...... On 1.7 BILLION dollars profit.