Do you pay more tax than the big fossil fuel companies?


For all the environmental and climate destruction wrought by the fossil fuel industry here in Australia and globally, you’d think there must be a significant payback through taxes, right?

Well, sadly, there are ways for massive fossil fuel companies to minimise their tax bills in Australia, and these companies are super savvy at taking advantage of tax avoidance methods.

Just check out the table below, which shows 71 fossil fuel companies, with a combined revenue of $84 billion in Australia in 2016/17, that are paying far less than their fair share!

In most cases, the company tax paid is a big fat zero.

What makes this even harder to swallow are the whopping pay cheques and bonuses these companies’ bosses take home, while destroying our environment and contributing nothing to the Australian public purse.

All data is sourced from the Australian Tax Office and was last updated 13 December 2018.

CompanySector2016-2017 Revenue ($M)2016-2017 Taxable Income ($M)2016-2017 Tax payable ($M)2015-2016 Revenue ($M)2015-2016 Taxable Income ($M)2015-2016 Tax payable ($M)2014-2015 Revenue ($M)2014-2015 Taxable Income ($M)2014-2015 Tax payable ($M)2013-2014 Revenue ($M)2013-2014 Taxable Income ($M)2013-2014 Tax payable ($M)
EXXONMOBIL AUSTRALIA PTY LTDOil & Gas8,360.80006,728.56008,464.27009,617.3200
ENERGYAUSTRALIA HOLDINGS LIMITEDUtilities6,328.33007,755.88007,302.40008,843.0551.800
ANGLO AMERICAN AUSTRALIA LIMITEDCoal3,118.8963.3403,687.43155.9703,605.3632.3803,541.48158.410
PEABODY AUSTRALIA HOLDCO PTY LTDCoal3,591.36002,875.36002,782.83003,020.4300
CHEVRON AUSTRALIA HOLDINGS PTY LTDOil & Gas2,239.08002,142.26003,088.42003,031.7300
BG INTERNATIONAL (AUS) PTY LIMITEDOil & Gas2,961.36006,252.52003,965.3000121.5900
PUMA ENERGY (AUSTRALIA) HOLDINGS PTY LTDOil & Gas2,145.21002,192.74002,681.65002,449.3800
YANCOAL AUSTRALIA LIMITEDCoal2,084.41001,460.27001,692.87001,591.8100
MARUBENI AUSTRALIA LIMITEDOil & Gas1,206.1267.5401,298.3339.5301,384.25002,326.6548.320
VICTORIA POWER NETWORKS PTY LTDUtilities1,578.72001,669.65001,439.92001,432.1100
WHITEHAVEN COAL LIMITEDCoal2,397.760.00501,577.62001,079.35001,040.6500
CONOCOPHILLIPS AUSTRALIA GAS HOLDINGS PTY LTDOil & Gas1,063.0996.9601,464.32107.7501,708.85112.9401,850.7682.120
AUSTRALIA PACIFIC LNG PTY LTDOil & Gas3,582.7600911.6100415.2700481.4400
INTERNATIONAL POWER (AUSTRALIA) HOLDINGS PTY LTDUtilities1,388.61001,232.41001,133.43001,205.6300
CLERMONT COAL MINES LTDCoal1,017.51001,055.0300972.33001,065.2300
BANPU AUSTRALIA CO. PTY LTDCoal916.1800929.61001,159.80001,052.8400
AGL GENERATION HOLDCO PTY LIMITEDUtilities1,241.5600733.2500611.69001,150.8600
CNOOC GAS AND POWER (AUS) INVESTMENT PTY LTDOil & Gas1,278.30001,032.7300000575.9400
AUSDRILL LIMITEDOil & Gas742.8900669.3700722.1600751.175.470
UNITED ENERGY DISTRIBUTION HOLDINGS PTY LTDUtilities692.6600666.1000646.5100605.4600
NCIG HOLDINGS PTY LIMITEDCoal783.0700388.3900357.8500640.8000
QUADRANT ENERGY HOLDINGS PTY LTDOil & Gas1,224.8000710.1100000000
PTTEP AUSTRALIA PERTH PTY LTDOil & Gas306.5900456.0300792.1500171.0500
MILLER POHANG COAL COMPANY PTY LTDCoal432.9100405.7100401.7000458.0900
MIDDLEMOUNT COAL PTY LTDCoal514.1800444.6800382.5100345.3900
QCOAL PTY LTDCoal584.6800327.9100336.7700293.7200
DBNGP (WA) TRANSMISSION PTY LTDUtilities309.8300383.5500398.0400445.7000
ENERGY RESOURCES OF AUSTRALIA LTDUtilities313.2900367.9500414.2800385.4700
BM ALLIANCE COAL OPERATIONS PTY LTDCoal385.8000363.1900200.4100511.4600
PREMIER COAL HOLDINGS PTY LTDCoal381.4600459.1400303.3100290.5300
ADANI ABBOT POINT TERMINAL HOLDINGS PTY LTDCoal442.5700351.4800350.2000268.3800
TOKYO GAS AUSTRALIA PTY LTDOil & Gas375.1500395.0300355.4500258.9100
AUSTRALIAN GAS NETWORKS HOLDINGS PTY LIMITEDUtilities590.8200615.3200125.5100000
GE POWER HOLDINGS AUSTRALIA PTY LTDUtilities254.0200265.0500331.4000458.7900
GS COAL HOLDINGS PTY LTDCoal512.2800482.8400224.2700000
WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITEDCoal293.91171.400235.81153.980367.07177.890256.07215.730
KUWAIT PETROLEUM AVIATION (AUSTRALIA)PTY LIMITEDOil & Gas261.8600252.2100269.7000314.4200
ARROW ENERGY HOLDINGS PTY LTDOil & Gas230.9800207.2400207.5700292.5800
OZGEN HOLDINGS AUSTRALIA PTY LTDUtilities323.8800219.3000177.3500175.9300
AWE LIMITEDOil & Gas364.1100125.2100152.0700200.7600
ENI AUSTRALIA BVOil & Gas117.4500121.3600132.1900320.5500
BLUEWATERS POWER 2 PTY LTDUtilities164.1000146.314.050155.6000196.8000
BLUEWATERS POWER 1 PTY LTDUtilities131.5200124.8100138.6400194.2900
PUMA ENERGY (AUSTRALIA) ASSETS HOLDINGS PTY LTDOil & Gas196.9300229.5600112.6500000
MERIDIAN ENERGY AUSTRALIA PTY LIMITEDUtilities267.2400170.9400000000
SINOPEC OIL AND GAS AUSTRALIA PTY LTDOil & Gas159.2000164.5300000000
ALINTA ENERGY PTY LIMITEDUtilities2,225.3000000000000
AUSGRID FINANCE PTY LTDUtilities238.6700000000000
AUSGRID MANAGEMENT PTY LTDUtilities409.1300000000000
KANSAI ELECTRIC POWER HOLDINGS AUSTRALIA PTY LTDUtilities211.6331.010000000000
KOGAS AUSTRALIA PTY LTDOil & Gas347.2200000000000
MAULES CREEK MARKETING PTY LTDCoal101.0800000000000
MUNDRA PORT PTY LTDCoal153.9900000000000
NITRO HOLDINGS NO 1 PTY LTDCoal163.65233.740000000000
PERTH ENERGY HOLDINGS PTY LTDUtilities343.7200000000000
PETRONAS AUSTRALIA PTY LIMITEDOil & Gas543.780.1670000000000
QUASAR RESOURCES PTY LTDUtilities158.8200000000000
STANMORE COAL LIMITEDCoal141.0200000000000
TOTAL E&P AUSTRALIAOil & Gas114.3600000000000
TOTAL E&P HOLDINGS (AUSTRALIA) PTY LTDOil & Gas295.3000000000000
TOTAL GLNG AUSTRALIAOil & Gas163.3000000000000
GLENCORE INVESTMENT PTY LIMITEDCoal14,970.581,675.470.00118,349.03004,968.76108.1104,611.8500
MACQUARIE COAL MARKETING PTY LIMITEDCoal148.360.0230.007115.230.00180.0005000000
WARKWORTH COAL SALES LTDCoal700.931.980678.361.980.009656.821.900735.101.860
HVO COAL SALES PTY LTDCoal1,593.090.0310.009457.520000000
BOC AIP LIMITED PARTNERSHIP (CONSOLIDATED)Oil & Gas133.60190.740.05148.20211.590.053310.01442.740.055232.58332.120.058
ENSHAM COAL SALES PTY LTDCoal448.860.550.16355.070.0970.029375.7800430.500.0770.023
TQ HOLDINGS AUSTRALIA PTY LIMITEDOil & Gas251.611.030.31000000000
BINTAN PTY LTDCoal791.311.380.41000000000
MOBIL PNG GAS HOLDINGS PTY LTDOil & Gas259.440.950.28902.320.410.12152.320.130.038000
ULAN COAL MINES LIMITEDCoal1.031.4300948.200.00080.0002851.511.210.36567.030.170.50
CompanySector2015-16
Revenue $m
2015-16
Taxable income $m
2015-16
Tax payable $m
WORLD FUEL SERVICES (AUSTRALIA) PTY LTDOil & Gas101.650.130.04
GLENCORE INVESTMENT PTY LIMITEDCoal 18,349.03 --
VIVA ENERGY AUSTRALIA PTY LTDOil & Gas 16,773.21 --
ENERGYAUSTRALIA HOLDINGS LIMITEDUtilities 7,755.88 --
EXXONMOBIL AUSTRALIA PTY LTDOil & Gas 6,728.56 --
BG INTERNATIONAL (AUS) PTY LIMITEDOil & Gas 6,252.52 --
MITSUBISHI DEVELOPMENT PTY LTDCoal 4,723.90 --
ANGLO AMERICAN AUSTRALIA LIMITEDCoal 3,687.43 155.97-
SOUTH32 LIMITEDCoal 3,494.11 --
PEABODY AUSTRALIA HOLDCO PTY LTDCoal 2,875.36 --
ALINTA HOLDINGSUtilities 2,376.80 --
PUMA ENERGY (AUSTRALIA) HOLDINGS PTY LTDOil & Gas 2,192.74 --
CHEVRON AUSTRALIA HOLDINGS PTY LTDOil & Gas 2,142.26 --
VICTORIA POWER NETWORKS PTY LTDUtilities 1,669.65 --
WHITEHAVEN COAL LIMITEDCoal 1,577.62 --
CONOCOPHILIPS AUSTRALIA GAS HOLDINGS PTY LTDOil & Gas 1,464.32 107.75-
YANCOAL AUSTRALIA LIMITEDCoal 1,460.27 --
MARUBENI AUSTRALIA LIMITEDOil & Gas 1,298.33 39.53-
INTERNATIONAL POWER (AUSTRALIA) HOLDINGS PTY LTDUtilities 1,232.41 --
CLERMONT COAL MINES LTDCoal 1,055.03 --
CNOOC GAS AND POWER (AUS) INVESTMENT PTY LTDOil & Gas 1,032.73 --
ULAN COAL MINES LIMITEDCoal948.200.000.00
BANPU AUSTRALIA CO. PTY LTDCoal929.61--
AUSTRALIA PACIFIC LNG PTY LTDOil & Gas911.61--
MOBIL PNG GAS HOLDINGS PTY LTDOil & Gas902.320.410.12
PARK PTY LTDOil & Gas854.560.990.30
AGL GENERATION HOLDCO PTY LTDUtilities733.25--
QUADRANT ENERGY HOLDINGS PTY LTDOil & Gas710.11--
WARKWORTH COAL SALES LTDCoal678.361.980.01
AUSDRILL LIMITEDOil & Gas669.37--
UNITED ENERGY DISTRIBUTION HOLDINGS PTY LTDUtilities666.10--
AUSTRALIAN GAS NETWORKS HOLDINGS PTY LIMITEDUtilities615.32--
ALINTA POWER CAT PTY LTDUtilities547.020.04-
GS COAL HOLDINGS PTY LTDCoal482.84--
PREMIER COAL HOLDINGS PTY LTDCoal459.14--
HVO COAL SALES PTY LTDCoal457.52--
PTTEP AUSTRALIA PERTH PTY LTDOil & Gas456.03--
MIDDLEMOUNT COAL PTY LTDCoal444.68--
MILLER POHANG COAL COMPANY PTY LTDCoal405.71--
TOKYO GAS AUSTRALIA PTY LTDOil & Gas395.03--
NCIG HOLDINGS PTY LIMITEDCoal388.40--
DBNGP (WA) TRANSMISSION PTY LTDUtilities383.55--
ENERGY RESOURCES OF AUSTRALIAUtilities367.95--
BM ALLIANCE COAL OPERATIONS PTY LIMITEDCoal363.19--
ENSHAM COAL SALES PTY LTDCoal355.070.100.03
ADANI ABBOT POINT TERMINAL HOLDINGS PTY LTDCoal351.48--
QCOAL PTY LTDCoal327.91--
VIVA ENERGY REFINING PTY LTDOil & Gas306.152.58-
PERTH ENERGY PTY LTDUtilities301.19--
GE POWER HOLDINGS AUSTRALIA PTY LTDUtilities265.06--
KUWAIT PETROLEUM AVIATION (AUSTRALIA) PTY LIMITEDOil & Gas252.21--
J-POWER AUSTRALIA PTY. LTD.Coal238.443.04-
WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITEDCoal235.81153.98-
ADANI MINERALS PTY LTDCoal232.97--
PUMA ENERGY (AUSTRALIA) ASSETS HOLDINGS PTY LTDOil & Gas229.56--
OZGEN HOLDINGS AUSTRALIA PTY LTDUtilities219.21--
ARROW ENERGY HOLDINGS PTY LTDOil & Gas207.24--
KANSAI ELECTRIC POWER AUSTRALIA PTY LTDOil & Gas205.7230.55-
CHINA RAILWAY MATERIALS (AUSTRALIA) PTY LIMITEDCoal196.740.200.06
CLICK ENERGY GROUP HOLDINGS PTY LTDUtilities173.79--
DRILLSEARCH ENERGY PTY LIMITEDOil & Gas172.5729.14-
MERIDIAN ENERGY AUSTRALIA PTY LIMITEDUtilities170.94--
SINOPEC OIL AND GAS AUSTRALIA PTY LTDOil & Gas164.53--
WONBINDI COAL PTY LIMITEDCoal158.96--
BOC AIP LIMITED PARTNERSHIP (CONSOLIDATED)Oil & Gas148.20211.590.05
BLUEWATERS POWER 2 PTY LTDUtilities146.314.05-
SPARK INFRASTRUCTURE HOLDINGS NO 2 PTY LIMITEDUtilities145.38--
SENEX ENERGY LIMITEDOil & Gas143.42--
ADANI MINING PTY LTDCoal139.56--
TAP OIL LIMITEDOil & Gas135.73--
AUSTRALIA BUNKERING PTY LIMITEDOil & Gas134.601.880.56
AWE LIMITEDOil & Gas125.21--
BLUEWATERS POWER 1 PTY LIMITEDUtilities124.81--
BLUEWATER (GLAS DOWR) N.VOil & Gas123.10--
ENI AUSTRALIA BVOil & Gas121.36--
DUET INVESTMENT HOLDINGS LIMITEDUtilities118.57--
MACQUARIE COAL MARKETING PTY LIMITEDCoal115.230.000.00
ENERGY INFRASTRUCTURE INVESTMENTS PTY LTDUtilities114.40--
QENERGY LIMITEDUtilities111.18--
ENGIE SERVICES AUSTRALIA & NEW ZEALANDHOLDINGS PTY LTDUtilities108.87--
VIVA ENERGY HOLDING PTY LTDOil & Gas107.05--
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Avoidance methods

Tax havens

One of the main ways fossil fuel companies minimise or avoid their tax bills is by shifting profits offshore via parent or subsidiary companies.

As tax is paid on profit, rather than revenue, companies can structure themselves so that the bulk of profits are eventually recorded by a subsidiary or parent company that’s registered in low- or no-tax nations (tax havens). To learn more about tax avoidance and take action to stamp it out, head to taxjustice.org.au

Tax breaks

Fossil fuel companies are also able to take advantage of a range of tax breaks that encourage the production or consumption of fossil fuels.

We’ve crunched the numbers on the tax-based fossil fuel subsidies that cost us $10 billion every year. Find out more here!

Petroleum Resource Rent Tax (PRRT)

The Petroleum Resource Rent Tax (PRRT) is the major tax system for oil and gas production in Australia. It is paid based on profits, once those profits reach above a set threshold.

With Australia’s liquefied natural gas (LNG) set to become one of Australia’s biggest exports in the not too distant future, analyses have shown the PRRT will fail to collect any new revenue from the sector for decades.

This equates to something of a ‘free ride’ for Australia’s dirty LNG industry, encouraging expansion when we desperately need to shrink this highly emissions intensive industry.

A much-touted federal parliamentary inquiry into the PRRT system in 2017 sadly resulted in few changes.