Aurizon – reported full year results on 13 August 2018
New analysis by The Australia Institute shows that based on Aurizon’s annual report, the company tax cut would be a $296.8 million gift over the first decade of the cut to just this one company.
| $ million | |
|---|---|
| Profit 2017-18 | 326.0 |
| Company tax 2017-18 | 98.0 |
| Benefit from company tax cut based on 2017-18 profit | 16.3 |
| Benefit from company tax cut based on expected 2026-27 profit | 24.2 |
| Benefit from company tax cut for decade 2019-20 to 2028-29 | 118.1 |
| Benefit from company tax cut for decade beginning 2026-27 | 296.8 |
When the full cuts come in (2026-27) the lost company tax revenue just to Aurizon would be the equivalent of employing 327 nurses, 295 secondary school teachers or 244 police officers.
(Based on the average payments for different occupations in May 2016 and updating for the actual and projected wage price index, and projecting forward Aurizon’s profit.)
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Richard Denniss: National Press Club Address
On Wednesday, 31 January 2024, Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms. **Check against delivery** [See below for transcripts] Tax is good. Tax is an investment in our society and the highest taxed countries in the world also happen to be the
Taxes on tampons, tax breaks for luxury utes: gender in the budget
Last week, the federal government announced plans to define menstrual products as “lifestyle-related” and exclude them from NDIS funding.
RN Breakfast: Redesigning the Stage 3 Tax Cuts
Richard Denniss joins ABC RN Breakfast with Patricia Karvelas to discuss redesigning the Stage 3 tax cuts.