Demographics of large corporate groups – data table
The table details the data used in figure, the contribution to tax revenue from 2017–18 to 2022–23 for large corporate groups.
|
$b Income tax payable |
2017–18 |
2018–19 |
2019–20 |
2020–21 |
2021–22 |
2022–23 |
|---|---|---|---|---|---|---|
|
Large Diversified Miners |
8.0 |
10.2 |
11.5 |
14.9 |
23.1 |
21.0 |
|
Oil & Gas |
1.2 |
1.9 |
1.3 |
0.6 |
1.4 |
12.0 |
|
Other Mining, Energy and Water |
6.9 |
10.8 |
12.1 |
16.6 |
18.0 |
22.3 |
|
Major Banks |
11.4 |
10.1 |
9.2 |
8.4 |
8.4 |
9.9 |
|
Other Financial Services |
6.5 |
6.8 |
6.4 |
7.4 |
8.7 |
7.3 |
|
Wholesale, Retail and Services |
13.6 |
12.6 |
12.5 |
15.1 |
17.3 |
18.4 |
|
Manufacturing, Construction and Agriculture |
3.9 |
3.8 |
3.7 |
4.0 |
5.6 |
4.8 |
|
Total large corporate groups income tax reported |
51.4 |
56.2 |
56.6 |
67.1 |
82.6 |
95.6 |
Macro-level analysis is giving us confidence – data tables
The table below details the data used in figure, indexed income tax payable and pre-tax profits of ASX-listed companies.
|
Year |
Income tax payable ($m) |
Pre-tax profit ($m) |
Indexed income tax payable |
Indexed pre-tax profit |
|---|---|---|---|---|
|
2018 |
28,549 |
157,674 |
100.0 |
100.0 |
|
2019 |
29,938 |
164,157 |
104.9 |
104.1 |
|
2020 |
31,080 |
146,335 |
108.9 |
92.8 |
|
2021 |
37,877 |
190,778 |
132.7 |
121.0 |
|
2022 |
43,353 |
246,988 |
151.9 |
156.6 |
The table below details the data used in figure, tax-to-income ratios of Australian public and majority foreign-owned large corporate groups.
|
Year |
Majority Foreign-owned |
Australian - Public |
Australian - Public (excluding largest 10) |
Private |
|---|---|---|---|---|
|
2017 |
1.57% |
3.19% |
1.80% |
1.44% |
|
2018 |
1.82% |
3.25% |
1.92% |
1.81% |
|
2019 |
1.90% |
3.44% |
1.91% |
1.44% |
|
2020 |
1.72% |
3.47% |
1.72% |
1.51% |
|
2021 |
1.63% |
4.13% |
1.76% |
1.79% |
|
2022 |
2.32% |
4.29% |
2.15% |
1.72% |
|
2023 |
3.00% |
3.72% |
2.37% |
1.48% |
The OECD four pillars of compliance – data table
The table details the data used in figure 2, culpability penalty rates applied to large corporate groups, 2018–19 to 2023–24.
|
Culpability penalty |
2018–19 |
2019–20 |
2020–21 |
2021–22 |
2022–23 |
2023–24 |
|---|---|---|---|---|---|---|
|
0 rate |
0.4 |
0.7 |
0.3 |
0.3 |
0.7 |
0.4 |
|
10% rate |
0.1 |
0.1 |
0.3 |
0.3 |
0.0 |
0.3 |
|
25% rate |
0.3 |
0.1 |
0.4 |
0.3 |
0.2 |
0.3 |
|
50% rate |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
75% rate |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |