Barnaby Joyce’s political future under a cloud – politics live | Australia news


Qantas CEO Alan Joyce, one of the most prominent supporters of the Turnbull government’s proposed big business tax cut, presides over a company that hasn’t paid corporate tax for close to 10 years.

The period roughly coincides with Mr Joyce’s tenure at the helm of Australia’s flag carrier.

Despite generating income of $106.4bn, the flying kangaroo has avoided paying tax on that bounty since 2009, thanks to Australia’s generous tax concessions, depreciation provisions and the ability to offset company losses against past and future profits.

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