Sixty-six Australian millionaires paid no tax final yr, ATO information reveals

Extremely expert accountants have been in a position to get their shoppers out of over $400 million in tax.

These accountants have been paid a median of $219,000 for his or her companies, which was additionally tax deductible.

Information from the Australian Tax Workplace (ATO) confirmed that these rich tax dodgers made a median of $14.5 million every final yr.

The median earnings in Australia final yr was $51,000, and the typical Australian paid greater than $11,000 in tax.

The report from the ATO confirmed that simply in need of half of its income got here from particular person earnings tax.

Corporations paid 22 per cent of tax in Australia, or $107 billion.

One other 15 per cent got here from GST, with the stability coming from tremendous funds, excise and varied different taxes.

The ATO additionally launched different fascinating information about Australian taxpayers.