Harry Triguboff's $75 million annual tax revealed by ATO

Harry Triguboff's $75 million annual tax revealed by ATO
Harry Triguboff's $75 million annual tax revealed by ATO

The tax affairs of the companies linked to Australia's richest people, including property developer Harry Triguboff have been published in an Australia-first data release by the Tax Office. 

Triguboff's Meriton paid $75 million in tax on taxable income of $262 billion in 2013-14, making him among the nation's largest privately owned property taxpayers. It reflected a 29 per cent rate on taxable income. 

Triguboff's Meriton had $1.19 billion total income.

The Tax Office published total revenue, taxable income and tax paid of the 321 privately owned companies with total income of $200 million or more.

It revealed that 98 of these companies paid no tax at all. 

Pratt Consolidated Holdings, controlled by the Melbourne-based Pratt family, had total revenue of 2.6 billion in 2013-14, with taxable income of $87.8 million, but paid no income tax. 

The ATO pointed out that many of the 321 companies also had about 11,000 entities associated with them - an average of 34 each - that reported an additional $1.6 billion in tax. 

Since 2013 around half of the companies in the report had been subject to an ATO audit or “further ATO engagement” to seek information.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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