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  • Five-year trend analysis

    Over the last five years, increases in the number of entities in each industry has been a key contributing factor to growth in tax paid and income across all segments. The exception is Australia’s mining, energy and water segment, where commodity prices and export volumes have been key contributing factors in tax paid and income. Higher iron ore export values have primarily driven strong growth in tax paid for this segment and significantly increased it's proportional contribution to the total, from 16.5% to 43.7% over the five years to 2019–20.

    Over the five year period, banking, finance and investment and the insurance segments experienced a decline in tax paid. Manufacturing, construction, agriculture and the wholesale retail services segment have experienced small increases in tax paid.

    The following figures illustrate the changes by industry segment in tax payable, total income, taxable income, and entity counts.

      Last modified: 10 Dec 2021QC 67484