50 SKY SHADES - World aviation news

Qantas Statement on ATO Report

Download: Printable PDF Date: 19 Dec 2015 03:09 category:
Publisher:
Qantas Statement on ATO Report - Airlines publisher
Tatjana Obrazcova
Country: Australia Aircraft: Airplanes Airline: Qantas Airways

Qantas is a major taxpayer and contributor to the Australian economy. We comply fully with all our tax obligations and we believe in playing our role in a strong, transparent Australian tax system.

In 2013/14 – the year covered by the ATO’s tax transparency report – we paid, collected or generated more than $2 billion in tax revenue for the Government, including the GST, payroll tax, the carbon tax and the passenger movement charge.

The reason we didn’t pay corporation tax in 2013/14 is simple: we reported a record $2.8 billion loss for the year. As corporation tax applies to profits, our taxable income for the year was zero. We look forward to paying corporation tax again as we continue our return to profit through our transformation program.

It’s also important to point out that Qantas’ overall contribution to the Australian economy goes far beyond tax and has an impact across the country. A recent Deloitte Access Economics report found that the Qantas Group is responsible for $11.4 billion in annual economic activity, or 0.7 per cent ofGDP, as well as facilitating $9.5 billion in annual tourism spending – one in every nine dollars spent by tourists in Australia – and supporting over 61,000 jobs.

We welcome the debate that’s underway around the tax system and tax reform and, like every major tax-paying company, we look forward to taking part as that discussion moves forward in 2016.



Loading comments for Qantas Statement on ATO Report...


Recommended

Welcome New and Unique helicopter show in Cologne

If you are rotors – we got it! For the first time, the European Helicopter Association (EHA) and the European Union Aviation Safety Agency (EASA) are joining forces to offer the international...

First PD-14 aircraft engine arrived to Irkutsk aviation plant for the installation on MC-21

In January PD-14 aircraft engines were delivered from UEC-Perm Engines to Irkutsk Aviation Plant (IAZ). They will be installed on Russian MC-21-300 airliner the flight tests of which will start in the...

Air Canada becomes Official Airline of Cirque du Soleil

Air Canada and Cirque du Soleil announced an exclusive partnership designating Air Canada as Official Airline for Big Top and Arena shows for Canada,...

The Captain of Flight Level 470 - meet Ben Rosinger

It is a usual story nowadays - people are working together, creating and realizing new projects on a distance, using all the benefits of technology without meeting in real even once. Sometimes it is j...