Why some of Australia's richest people pay no tax

RN Drive - Separate stories podcast

In just a couple of weeks from now Australian workers will receive a tax cut - the last of the three stage cuts that began under the Morrison government, back in 2019.

But there are a significant number of very wealthy Australians who will see very little difference to their net income, for the simple fact they pay NO tax at all - on incomes of well over ONE million dollars a year.

In fact, more than 100 Australians who earned on average 3.8 million a year, paid no tax in the 2021–22 financial year, according to official figures from the Australian Tax Office.