Change in tax payable by industry segment
Figures 1 and 2 below illustrate the change in tax payable under the new and old industry classifications for the 2015–16 and 2016–17 income years.
Figure 1: Change in tax payable, by industry segment (New industry)

Figure 2: Change in tax payable, by industry segment (Old industry)

Table 1 below summarises the change in the count of entities and tax payable under the new and old industry classifications for the 2016–17 income year.
Table 1: Change in count of entities and tax payable (Old vs New industry)
Old industry
|
Count
|
Tax payable ($b)
|
New industry
|
Count
|
Tax payable ($b)
|
Net difference in count
|
Net difference in tax payable ($b)
|
BF
|
202
|
15.5
|
BFI
|
203
|
15.5
|
1
|
0.0
|
ISR
|
69
|
3.0
|
ISR
|
61
|
2.7
|
-8
|
-0.3
|
MFG
|
731
|
5.5
|
MCA
|
493
|
3.5
|
-238
|
-2.0
|
S&S
|
836
|
9.3
|
WRS
|
1,121
|
11.9
|
285
|
2.6
|
ER
|
271
|
12.4
|
MIN
|
231
|
12.1
|
-40
|
-0.3
|
Total
|
2,109
|
45.7
|
Total
|
2,109
|
45.7
|
0
|
0
|
Corporate entities by industry segment
Figures 3 and 4 below illustrate the total count of entities, the number of entities with taxable income and tax payable greater than zero, and total tax payable (by industry segment) under the new and old industry classifications for the 2016–17 income year.
Figure 3: Corporate entities, by industry segment (New industry)

Figure 4: Corporate entities, by industry segment (Old industry)

Proportion of entities with nil tax payable
Figures 5 and 6 below illustrate the proportion of entities with nil tax payable (by ownership and industry segment) under the new and old industry classifications for the 2016–17 income year.
Figure 5: Proportion of entities with nil tax payable, by ownership and industry segment (New industry)

Figure 6: Proportion of entities with nil tax payable, by ownership and industry segment (Old industry)

This is the fourth annual report on corporate tax transparency, informing public debate about tax policy, particularly in relation to the corporate tax system.