The Murdoch family’s News Corporation and big fossil fuel companies Santos, Woodside, Exxon and Shell all paid little or no income tax in the 2021-22 financial year, the latest tax transparency report from the Australian Taxation Office shows.
Woodside paid $176 million in tax on nearly $2 billion in profit — a tax rate of less than 10%. But its efforts were Herculean compared to fellow climate criminal Santos: that company claimed to have earned just $74 million in profit on $4.7 billion in revenue, and paid zero tax. Another four Santos holding companies earned around $1.1
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