Originally Posted by
Lead Balloon
Sydney Airport Limited is paying no tax on income of about $1.8 billion (yes: that's a "b".)
Don't forget it used to be owned by Macquarie Bank, no doubt it has been loaded up with debt (financed by Macquarie Bank), with all the proceeds going to Macquarie Bank and all the "profits" are being eaten up by interest charges.
SACL is little more than a Macquarie Bank management company to funnel all the profits back to the mother ship.