AAP Image/Lukas Coch
If Australia just collected the OECD average in tax, the government would have an extra $130 billion a year to spend on essential services like health and education.
On this episode of Follow the Money, Matt Grudnoff and Ebony Bennett discuss the latest data from the Australian Taxation Office showing that 30 per cent of large corporations paid no company tax in 2023-24 – with the gas, coal, salmon and tech industries among the worst offenders.
Use the code ‘podcast’ to get 50% off tickets to the Australia Institute’s Revenue Summit. Discount available for Follow the Money listeners while stocks last.
Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett
Show notes:
New government data confirms gas exporters continue to pay no tax, the Australia Institute (October 2025)
Big gas is taking the piss, Follow the Money, the Australia Institute (April 2025)
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Electricity price were the biggest reasons for the unexpected jump in the inflation numbers out this week.
This year, the winners of The Block took home $520,000 in tax-free prize money. Meanwhile, the winner of the prestigious Miles Franklin Award paid at least a quarter of the $60,000 prize to the tax office. How did we get here and what can be done about it?
A Fortescue executive has called for a major overhaul of Australia’s $11 billion fuel tax credit scheme, arguing it undermines the nation’s climate goals by making diesel “artificially cheap”.
