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  • Australian-owned resident private entities

    Approximately 81% of Australian private entities in the transparency population are linked to groups controlled by wealthy individuals, including high wealth individuals. The groups consist of close to 11,000 linked entities, including companies, trusts, partnerships and superannuation funds.

    Figure 27: Share of entities by tax payable category, 2016–17

    Of the 388 Australian private corporate entities in scope for the transparency report in 2016–17, 279 (72%) had a tax liability and 109 (28%) did not. Among those that did not have a tax liability, 36 (9%) utilised losses from prior years, nine (2%) utilised offsets, 18 (5%) incurred a tax loss and 46 (12%) incurred an accounting loss.

      Last modified: 13 Dec 2018QC 57604