The CIO is not the only big-name executive who’s getting a tax break in the wake of the company tax debacle.
According to data from the Australian Taxation Office (ATO), CIO Michael Woodford was given a tax rate of 35.5 per cent when he took his job in August.
This is down from 37 per cent in July.
But that’s only the tip of the iceberg.
Data from the Tax Office shows that CIO’s have been given tax breaks ranging from 20 per cent to 85 per cent of their total salary in the past three years.
Woodford is the second-highest-paid CIO in the country, behind only Warren Buffett.
CIOs earn $4.5 billion per year, up from $3.4 billion in 2012, according to the Tax office.
They earn about $10 million a year less than the median salary for all CIO types, or $13.8 million.
These data show that CIs are getting tax breaks because of the tax system.
Tax rates in Australia are based on the taxable income of an individual, so there’s no way to know exactly what CIs earned or how much they paid in tax.
The ATO says the “tens of billions of dollars in taxpayer subsidies” that CAs have received over the past decade have meant that they can get a tax cut, with the largest tax break being the Medicare levy.
That’s because, like the average Australian, CIs earn up to about $45,000 a year.
That’s less than half the average salary for CIs in the whole of Australia.
When it comes to tax credits, there’s a lot of controversy.
Data from Tax Office show that tax credits are granted to CIs based on the income of their employees.
So while it’s important for an organisation to help people, it’s also important to look at the tax benefit to employees.
That’s why some tax experts argue that Cis are not receiving the same tax breaks that other workers.
Tax credits are based around a range of things including tax rates and the amount of income an individual can claim.
If you’re a CIO and earn more than $100,000 in the year, you can claim an additional $3,000.
If you’re an executive and earn $300,000, you may qualify for a tax credit of $6,000 if you pay more than your threshold.
It’s not clear how many CIs receive tax breaks based on their salary, or how many are eligible for tax credits based on income.
The ATO’s data show the average annual income of CIs is $75,000 for a single person, and $120,000 or more for couples.
CIO’s are also exempt from the employer tax, which is an extra $1,200 per person, which means that a Cio earning $40,000 per year would not have to pay tax on $5,000 of income.
The ATI has set up a dedicated website where it has compiled data about CIs, including their salary and the tax benefits they’ve received.
The ATIO also says it is working with the Department of Finance and the Commonwealth to investigate the tax credits CIs have received.
The government has said it is committed to “creating a tax system that is fair and that is progressive”.
It has also said it will introduce a national income tax system to encourage higher wage earners to pay more tax.