Senate debates Adjournment

Taxation


Steph Hodgins-May

Steph Hodgins-May Victoria, Australian Greens

7:39 pm

While you are standing at the supermarket wondering what you can afford and what you need to put back, there are corporations in Australia paying absolutely nothing in corporate tax—a big, fat zero—and Labor, the Liberals and Gina Rinehart's One Nation are letting them get away with it. Last year, 1,149 big corporations paid zero company tax—more than one in four of the biggest companies in this country. So let's name and shame them, shall we?

If you've paid a toll on your way to work, chances are you've helped to line the pockets of Transurban. It reported $2.9 billion in total income and paid no company tax. Have you bought a ticket to see your favourite band? Ticketmaster reported $190 million in income and paid no company tax. Then there are some of my favourites: Santos, AGL, Adani and Glencore, big fossil fuel and mining companies making money from Australia's resources and destroying our environment and the future of our planet, all the while paying zero company tax. The list goes on. ConocoPhillips, Star Entertainment and DoorDash all reported zero company tax. Microsoft's Australian data centre business reported $2.3 billion in income and paid no company tax. Tabcorp reported more than $2 billion in income and paid no company tax—while, I'll add, subjecting Australians to horrific gambling harm.

None of these are struggling small businesses, folks. These are some of the biggest, dirtiest, greediest corporations in the world, operating within Australia. While these corporations pay nothing in company tax, you pay every single time you get your wages. Nurses, teachers, early childhood educators, retail workers—you all pay tax. You pay your tax while saving for a house. You pay your tax while trying to afford child care. You pay your tax while watching your grocery bill climb and your electricity bills go through the roof. So why are ordinary Australians being asked to shoulder the load while some of the biggest companies in the country pay no tax?

So do not tell us that there is no money to fix the cost-of-living crisis. The money is there, but it is going to the wrong people and the wrong corporations. The latest ATO tax transparency figures showed big corporations paid around $87.5 billion in company tax in 2024-25, down from $95.7 billion the year before. All the while, more than 40 per cent of mining and energy corporations paid no tax.

Every time someone rightly suggests closing these massive loopholes, the corporate lobbyists come running: 'Oh, please, don't scare off investment.' I'm sorry. We are sick of these tired talking points. We see through these tired talking points. 'Now is not the time,' they say. Now is never the time when you're a massive corporation that benefits from the rules, as they are. But here's a question: why should ordinary workers pay their fair share while billion-dollar corporations get this special treatment? Why? This isn't an accident. This is a system designed by politicians in this place who are bankrolled by those very corporations. The corporate parties—Labor, Liberal and Gina Rinehart's One Nation—take donations from these powerful corporate interests. Then they refuse to make them pay what they owe. They refuse to make them pay their fair share. That is corporate capture, and Australians have had a gutful. They are fed up with it.

So, for those of you who are at home watching on while this raw deal plays out in front of you, I want you to know that the Greens are on your side. We are on the side of the people, not those massive corporations, and we will change this broken system. We want to close those loopholes that let these multinational corporations dodge tax and dodge paying their fair share while you struggle; we want to make the billionaires and corporations profiting from Australia's wealth contribute properly to the country that makes their wealth possible; and we want to use that money to genuinely make people's lives better—more public and affordable housing, and dental into Medicare so you don't need to choose between your teeth and your rent. Imagine what Australia could look like if our economy actually worked for the people who keep it running. The one per cent have rigged the economy in their favour, but the 99 per cent of us can change it.