The ATO this morning [Thur 17.12.2015] released its report which contains the total income, taxable income and tax payable of over 1,500 public and foreign private entities for the 2013-14 income year. The ATO said the report forms part of a much wider domestic and global push for improved corporate transparency. It is intended to inform public debate about tax policy, particularly in relation to the corporate tax system.
The ATO noted there are legislative limits to the information in the report and it is important to note that the aggregate figures cannot reflect the complexity of the tax system, the relationships between entities, the calculations behind the numbers shown or the extent and nature of any ATO activity. It is anticipated that data for some Australian-owned resident private companies will be published in early 2016 in accordance with legislative amendments enacted in December 2015.