Microsoft’s datacentres and Optus owner among firms paying zero tax on billion-dollar Australian revenues

Microsoft's datacentres and the Optus owner Singtel have generated billions of dollars in revenue in Australia without paying any income tax. This is according to the Australian Taxation Office database, which also lists Netflix as another company paying little corporate tax. The ATO notes that there may be legitimate reasons for these companies' tax arrangements, but the revelation has sparked concerns about corporate tax avoidance and its impact on the Australian economy.

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The Australian government may increase tax scrutiny on large corporations, which could lead to higher tax revenues. This could also impact the stock prices of companies like Microsoft and Netflix, as investors reassess their investments in light of potential

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