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.