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  • Nil tax payable – by industry segment

    The proportion of entities with nil tax payable differs across the industry segments. Nil tax payable can also depend on macroeconomic factors such as economic downturns or conditions that affect industry segments in different ways – for example, COVID-19 has affected mining differently to the international travel industry.

    Some cyclical factors which show a higher percentage of nil tax payable entities in the mining segment compared to other segments. Similarly, corporate entities in the banking, finance and investment segments have experience greater costs in 2019–20 because of the effect of natural disasters and challenging economic conditions. This has resulted in those segments also having a higher proportion of nil tax payable entities than other segments, see Figure 18.

    Figure 18: Proportion of entities with nil tax payable, by industry segment, over three years

     This graph shows the proportion of entities with nil tax payable in 2019–20 as compared to 2018–19 and 2017–18, by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services). In 2019–20, the mining, energy and water segment had the highest proportion of entities with nil tax payable at around 50%, while the banking, finance and investment segment had the lowest at around 28%.

      Last modified: 10 Dec 2021QC 67484