31% of companies are not paying tax in Australia. How do they do it?

The article discusses the Australian Taxation Office's annual corporate tax transparency report, which shows that 31% of large companies in Australia did not pay any tax despite operating in the country. The report provides data on income, taxable income, tax payable, and PRRT payable for corporations with income of $100 million or more. It also highlights the challenges of transfer pricing for multinational entities and the need for reform in tax laws to address profit shifting. The article emphasizes the importance of corporate tax transparency and the need for substantive tax reforms to ensure fair taxation. [Extracted from the article]