More Aldi tax details come to light

 In Aldi, Australia, NewZealand
More light has been shed on the tax affairs of the secretive German supermarket Aldi, with the latest Tax Office figures showing it paid $71.56 million in tax in 2014-15.
Aldi Foods had total income of $5.8 billion for the 2014-15 financial year, taxable income of $238.5 million and tax payable of $71.56 million, Australian Taxation Office figures for the 2014-15 financial year show.
This means tax payable as a percentage of taxable income was steady at 30 per cent. Previous figures released by the ATO showed Aldi Foods paid $81.6 million in tax for 2014, on $5 billion revenue.
Some global companies have been accused of managing their taxable income down by loading inappropriate costs into their income statement. Sydney Morning Herald – Read more…

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