Tax-free trade – OFO and Beach Energy pay “zero”

WHERE IS THE RETURN: Forestry consultant Dr Jerry Leech is critical of the fact OneFortyOne Plantations did not pay tax in 2015/16.

THE region’s largest plantation owner and a gas exploration giant paid no tax in 2015/16, according to a report released by the Australian Tax Office.

The report shows OneFortyOne Plantations’ income for the financial year was more than $295m, but “zero” tax was paid.

Beach Energy – which is drilling for gas south of Penola – posted income of $589m and also did not pay any tax.

The report also revealed Hancock Victorian Plantations – which operates in the Green Triangle – also paid no tax despite earning $385m.

The ATO has published the corporate tax transparency


Leave a Reply