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ATO report reveals almost one-third of large corporations paid no income tax
Almost one-third of large corporations including more than half of Australia’s major mining, energy and water companies paid no income tax for financial year 2021, according to new government research. The ninth corporate tax transparency report released this week by the Australian Taxation Office (ATO) has named and shamed 831 big businesses (or 31% of […]
Australia’s major banks settle class actions, Core Lithium’s shares surge and AGL board defeated
Three of Australia’s major banks have announced the settlement of separate class action lawsuits totalling $126 million with compensation and class action law firm Slater and Gordon. Slater and Gordon first took the banks to court two years ago over the sale of credit insurance products. The law firm filed the suits against the Commonwealth […]
Yancoal prepays US$1b of debt, Janus Henderson chair retires and Telstra suffers ‘data breach’
Australian coal miner Yancoal (ASX: YAL) has announced plans to prepay US$1 billion of debt, which is expected to provide a US$207 million reduction in finance costs over the loan period. Yancoal will fund the prepayment with available cash on 4 October. Funds will go towards the company’s syndicated facility and its unsecured related-party loans. […]
A2 Milk hopes to join Bubs in alleviating US infant formula crisis, ASIC sues ANZ and Telix Pharma granted pass through
A2 Milk (ASX: A2M) is rallying in its efforts to join rival Bubs Australia (ASX: BUB), which revealed it will export 27.5 million bottles of infant formula products to the United States to help with a nationwide shortage created by the global pandemic. Dual-listed A2 Milk submitted an application to the US Food and Drug […]
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