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 David Pope: The Canberra Times editorial cartoonist's latest work

These CEOs got multimillion-dollar bonuses. Their companies paid little or no tax

Don Meij, the chief executive of Domino's, had a realised pay of up to $36.8 million after selling some of his shares in the pizza giant. 

The CEO's of some of Australia's largest companies received multi-million dollar bonuses while their companies paid little to no company tax, according to tax office transparency records. 

 ASX-listed companies shows executive pay packets climbed back to pre-GFC levels in 2016-17 - the latest year for which records are available - despite tax receipts being revised down by up to $4.6 billion.

The chief executives of some of Australia's largest companies - Transurban, Domino's, and BlueScope - received multimillion-dollar bonuses while their companies paid zero tax or heavily discounted rates

CEOs pay income tax at the marginal rate on bonuses and there is nothing improper about topping up executive salaries at a discounted or non-tax paying company, but the figures come amid community disquiet fuelled by the growing gap between executive pay and workers' wages, which have been stuck at historic lows.

 

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