Once again, no company tax paid – JBS tops the list

Huon Aquaculture owner and Brazilian multinational JBS, the largest meat and processing company in Australia, topped the list of companies that paid no tax in 2023-24, on an annual income of nearly $20 billion ($19,713,426,978).

The Australian Taxation Office revealed the tax returns for 4,110 corporate entities in 2023-24 with a total income equal to $100 million or more, according to their corporate tax transparency report.

JBS has a long history including bribery, price fixing and staff safety issues. For more information on JBS in Australia and internationally, read our JBS Fact Sheet.

ATO assistant commissioner Michelle Sams highlighted that there were legitimate reasons why a company may pay no income tax.

• Read the report in SBS News