Qan­tas tax de­tailed

Travel Daily - - News -

QAN­TAS has re­sponded to past crit­i­cism of its tax con­tri­bu­tions by re­leas­ing a re­port show­ing it paid $11 mil­lion in com­pany tax last fi­nan­cial year.

The re­port marks the car­rier’s re­newed sta­tus as a cor­po­rate tax­payer af­ter ex­haust­ing its avail­able tax loses.

“Over the past few years, the Qan­tas Group has been work­ing through avail­able tax losses that fol­lowed a pe­riod of sig­nif­i­cant fi­nan­cial losses and heavy re­struc­tur­ing,” the re­port said.

“These avail­able tax losses peaked at $3.2 bil­lion in FY15 and had been re­duced to $951 mil­lion at the end of FY17, re­flect­ing the com­pany’s re­turn to prof­itabil­ity.”

The air­line said the to­tal amount of taxes it paid and col­lected last fi­nan­cial year was $3.4 bil­lion, a 7% in­crease on the pre­vi­ous year.

This in­cludes GST, FBT, pay­roll tax, com­pany tax and sec­tor spe­cific taxes like the pas­sen­ger move­ment charge.

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