The release of tax data on private companies highlight how a relatively small number of taxpayers do the heavy lifting and how limited the Tax Transparency data is.
The ATO has published, for the first time, revenue, taxable income and tax payable for 321 private resident companies showing about one-third paid no tax in 2013-14.
Nearly a third of the 26 large foreign banks operating in Australia, including Goldman Sachs, JPMorgan, Lloyds and BNP Paribas, had no taxable income in 2014.
The tax office has released data that named 579 of the country's largest corporations that paid no tax in 2014.