Qan­tas’ com­pany tax bill first for decades

The Gold Coast Bulletin - - BUSINESS -

QAN­TAS Air­ways has re­vealed it ex­pects to fork out $11 mil­lion in com­pany tax for the past fi­nan­cial year — the first time it has paid the tax in al­most a decade.

And the Fly­ing Kan­ga­roo says it ex­pects a far big­ger com­pany tax bill this fi­nan­cial year as the spoils of its ro­bust per­for­mance in re­cent years spill into the tax­man’s cof­fers.

Ac­cord­ing to the air­line’s lat­est an­nual tax trans­parency re­port, re­leased yes­ter­day, it paid and col­lected a com­bined $3.4 bil­lion in tax for the year to June. That was up 7 per cent from the pre­vi­ous year, and in­cludes $2.8 bil­lion in Aus­tralian taxes. It in­cludes $1.47 bil­lion in ticket taxes, fees and charges levied by gov­ern­ment au­thor­i­ties and air­ports.

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