Tax Avoidance By For-Profit Aged Care Companies: Profit Shifting on Public Funds

Written By Patrick Orr

The six largest for-profit aged care providers in Australia received over $2.17 billion AUD in annual tax payer funded subsidies which provided after tax profits of $210 million AUD. The actual operating profits were much larger. These providers only paid around $154 million AUD in tax in 2015-16. Companies that receive millions of tax payer dollars via Australian government subsidies must be required by law to meet higher standards of transparency in financial reports and be publicly accountable.

DOWNLOAD THE REPORT

The report calls upon the Government, Opposition, and cross-bench Senators to work together to make laws to stop aged care providers from avoiding the taxes they should pay and provide clear records of their business dealings

 

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Toronto Star: Exclusive coverage of new CICTAR report on CPPIB failures

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Australians forced to pay up to $3 million for aged care despite claims the sector is going broke

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Jason Ward, CICTAR Principal Analyst, talks to ABC Adelaide Radio on problems in Age care
CICTAR presents at UNISON Cymru event, pushing for the removal of profit from the care sector and greater local authority ownership and control
CICTAR presents at UNISON Cymru event, pushing for the removal of profit from the care sector and greater local authority ownership and control

CICTAR presents at events organised by Unison Cymru/Wales calling for removal of profit from care sector

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Huge profits and low taxes. Care home real estate business put in the spotlight by CICTAR

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‘Get your money now’: consultants encourage aged care providers to exploit the system
Why the market is failing to deliver decent care, Jason Ward in Social Europe
Why the market is failing to deliver decent care, Jason Ward in Social Europe
CICTAR‘s Jason Ward warns of ‘alarming lack of transparency’ in how churches spend government grants
CICTAR‘s Jason Ward warns of ‘alarming lack of transparency’ in how churches spend government grants
Australian aged care providers accused of ‘crying poor’ to lobby for government funding
Australian aged care providers accused of ‘crying poor’ to lobby for government funding
CICTAR’s work quoted in London Review of Books
CICTAR’s work quoted in London Review of Books
Guardian comment piece on financing care
Guardian comment piece on financing care
 

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