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…
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…