Aldi re­ply over tax

Townsville Bulletin - - NEWS -

DIS­COUNT su­per­mar­ket chain Aldi has de­fended its tax record amid a more than dou­bling in profit over four years. The Ger­man re­tailer’s sub­mis­sion to a Se­nate in­quiry into cor­po­rate tax avoid­ance shows pre- tax profit in its Aus­tralian oper­a­tions soared from $ 121 mil­lion in 2010 to $ 261 mil­lion in 2013. In­come tax also more than dou­bled in that pe­riod, from $ 37 mil­lion in 2010 to $ 82 mil­lion in 2013. In that four years, Aldi paid a to­tal of $ 238 mil­lion in in­come tax, it said. “This rep­re­sents an av­er­age ef­fec­tive tax rate of 32 per cent ( each year), … above the com­pany tax rate of 30 per cent,” the re­tailer’s sub­mis­sion said.

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