Big business took $25 billion in tax relief in 2014, Tax Office figures show

By Heath Aston
Updated April 1 2015 - 3:18pm, first published 9:48am
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis
Australian Tax Office data shows the nation's top 900 companies paid an effective tax rate of 19.3 per cent. Photo: Louie Douvis

Australia's biggest 900 companies claimed tax deductions and exemptions worth a total $25 billion last year – enough to wipe out two-thirds of the current federal budget deficit at a stroke.

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