ATO finds 31% of large businesses reported nil tax paid as many companies deducted losses and used offsets to dial their bills down to zeroFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA major streaming service, media outlets, big airlines and a pizza chain are among more than 1,200 large companies that paid no income tax in 2022-23, a new ATO report reveals, as many businesses deducted losses and used offsets to dial their tax bills down to zero.Netflix’s Australian operations generated more than $1.15bn in income in the 2023 financial year, documents show, but had no tax payable.Sign up for Guardian Australia’s breaking news email Continue reading...