Whitehaven – reported full year results on 14 August 2018

New analysis by The Australia Institute shows that based on Whitehaven’s annual report, the company tax cut would be a $711 million gift over the first decade of the cut to just this one company.

Return to Revenue Watch

$ million
Profit 2017-18 760
Company tax 2017-18 235
Benefit from company tax cut based on 2017-18 profit 39
Benefit from company tax cut based on expected 2026-27 profit 58
Benefit from company tax cut for decade 2019-20 to 2028-29 283
Benefit from company tax cut for decade beginning 2026-27. 711

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When the full cuts come in (2026-27) the lost company tax revenue just to Whitehaven would be the equivalent of employing 784 nurses, 706 secondary school teachers or 585 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 Whitehaven’s profit.)

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