A private debt collector, Recoveriescorp, has paid no corporate tax despite earning over $100 million in revenue in 2025. The company won contracts worth $42.8 million from the Australian Taxation Office (ATO) since 2022 to pursue unpaid taxes, including debts from welfare recipients. The parent company, Symbos Bidco, shows large income but annual losses caused by big consulting fees and high-interest loans. Mark Zirnsak, from Tax Justice Network Australia, said, “Why is it a loss-making entity? It’s almost like it’s a not-for-profit, and what private business runs as a not-for-profit?” Recoveriescorp, backed by private equity firm Allegro since 2024, has its staff working inside ATO offices and also collects debts offsite under its own name. It pays more than 7% interest on a nearly $58 million loan and holds an additional $86 million loan from a related party. The company says it follows all tax laws and is reinvesting to grow its services. The ATO referred over 355,000 taxpayers to Recoveriescorp from January 2024 to October 2025. The tax office cannot comment on the company's tax matters due to confidentiality. This case follows similar findings where another government debt contractor, Telco Services Australia, also paid no corporate tax despite large contracts. The Tax Justice Network calls for stronger tax compliance rules for government contracts. Outsource call centre workers for the ATO and Centrelink report low morale and poor training. The tax ombudsman warned of rising complaints about private debt collectors and urged the ATO to consider taxpayers' personal situations carefully.