Aldi reply over tax
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.