Other companies paying more in donations than in tax included oil and gas group Santos, which also paid no tax and made $148,354 in donations, spread among the same three political parties. The $400,000 paid to the ATO represented the tax on the remaining $1.3m in income.Įlectoral Commission data shows Chevron Australia Holdings made political donations of $129,685 in 2019 – an election year which saw the return to power of the Morrison government – spread across the Labor party, Liberal party and Nationals. Tattarang Capital received $148.2m in dividends from shareholdings in Forrest’s Fortescue Metals Group, which FMG had already paid the tax on. A spokesman for the company said tax had been paid on the company’s income “by virtue of Australia’s franking credits system”.
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