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  • Four-year trend analysis

    Over the four years to 2017, all industry segments reported growth in total income, taxable income and tax payable – except the mining, energy and water segment. The increase in the count of entities in each industry (excluding the mining, energy and water segment where the number of entities declined) was a key contributing factor to the increase in these figures.

    It should be noted the industry in which the entity is categorised as of 2016–17 will be the industry in which it has been categorised in prior years, as we do not maintain a historical industry categorisation.

    The following figures illustrate the changes by industry segment in tax payable, total income, taxable income, and entity counts over the four years since the first report on corporate tax transparency was released. The new industry classifications have been applied across the four years.

    Figure 3 and Figure 4 illustrate the trend in tax payable by industry segment in the four years to 2017. Table 1 summarises this data.

    Figure 3: Four-year trend of tax payable by industry segment

    This column graph shows the trend in tax payable across the four years of 2013–14 to 2016–17, by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services). With the exception of the mining, energy and water segment which dropped in 2015–16 before increasing again in 2016–17, the tax payable across industry segments has remained broadly stable. This graph also shows that across all industry segments for all four years there was an overall decline in tax payable in 2015–16, which has recovered in 2016–1

    Figure 4: Four-year trend of tax payable by industry segment

    Like in Figure 3, this graph shows the trend in tax payable across the four years of 2013–14 to 2016–17, but in the form of an area graph. The data is broken down by industry segment (banking, finance and investment; mining, energy and water; insurance and superannuation (excluding super funds); manufacturing, construction and agriculture; and wholesale, retail and services).

    Table 1: Four-year trend of tax payable by industry segment ($b)

    Industry segment

    2013–14

    2014–15

    2015–16

    2016–17

    BFI

    12.6

    14.1

    14.5

    15.5

    ISR

    2.2

    2.3

    2.5

    2.7

    MCA

    2.6

    3.6

    3.3

    3.5

    WRS

    11.3

    11.5

    11.6

    11.9

    MIN

    13.2

    10.3

    6.3

    12.1

    All industry segments

    41.9

    41.9

    38.2

    45.7

    Figures 5 and 6 below illustrate the trend in total income by industry segment in the four years to 2017. Table 2 summarises this data.

    Figure 5: Four-year trend of total income by industry segment

    This column graph shows the trend of total income across the four years of 2013–14 to 2016–17, by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services). With the exception of the mining, energy and water segment which dropped in 2015–16 before increasing again in 2016–17, the total income across industry segments has remained broadly stable. This graph also shows that across all industry segments there was an overall increase in total income each year.

    Figure 6: Four-year trend of total income by industry segment

    Like in Figure 5, this graph shows the trend in total income across the four years of 2013–14 to 2016–17, but in the form of an area graph. The data is broken down by industry segment (banking, finance and investment; mining, energy and water; insurance and superannuation (excluding super funds); manufacturing, construction and agriculture; and wholesale, retail and services).

    Table 2: Four-year trend of total income by industry segment ($b)

    Industry segment

    2013–14

    2014–15

    2015–16

    2016–17

    BFI

    287.3

    265.0

    277.1

    270.6

    ISR

    110.9

    119.6

    122.5

    116.1

    MCA

    270.6

    281.4

    302.1

    302.2

    WRS

    743.5

    770.6

    795.7

    824.7

    MIN

    362.1

    344.5

    310.3

    334.5

    All industry segments

    1,774.4

    1,781.0

    1,807.7

    1,848.1

    Figures 7 and 8 below illustrate the trend in taxable income by industry segment in the four years to 2017. Table 3 summarises this data.

    Figure 7: Four-year trend of taxable income by industry segment

    This column graph shows the trend of taxable income across the four years of 2013–14 to 2016–17, by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services). With the exceptions of the mining, energy and water segment which dropped in 2015–16 before increasing again in 2016–17, and the banking, finance and investment segment which increased in 2015–16 before dropping slightly in 2016–17, the taxable income across industry segments has remained broadly stable. This graph also shows that across all industry segments for all four years there had been an overall decline in taxable income, which recovered in 2016–17.

    Figure 8: Four-year trend of taxable income by industry segment

    Like in Figure 7, this graph shows the trend in taxable income across the four years of 2013–14 to 2016–17, but in the form of an area graph. The data is broken down by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services).

    Table 3: Four-year trend of taxable income by industry segment ($b)

    Industry segment

    2013–14

    2014–15

    2015–16

    2016–17

    BFI

    60.4

    55.6

    70.9

    63.3

    ISR

    11.5

    12.3

    13.1

    14.5

    MCA

    10.0

    13.1

    12.3

    12.5

    WRS

    34.7

    36.8

    34.8

    35.4

    MIN

    40.0

    27.2

    10.9

    30.4

    All industry segments

    156.5

    145.1

    142.0

    156.2

    Figures 9 and 10 below illustrate the count of entities by industry segment in the four years to 2017. Table 4 summarises this data.

    Figure 9: Count of entities by industry segment

    This column graph shows the trend in the number of entities in the population across the four years of 2013–14 to 2016–17, by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services). The entity count across industry segments has remained broadly stable, with the exception of wholesale, retail and services which has shown a year-on-year increase. This graph also shows that across all industry segments for all four years there had been an overall increase in the entity count.

    Figure 10: Count of entities by industry segment

    Like in Figure 9, this graph shows the trend in the number of entities in the population across the four years of 2013–14 to 2016–17, but in the form of an area graph. It is broken down by industry segment (banking, finance and investment; mining, energy and water; insurance; manufacturing, construction and agriculture; and wholesale, retail and services).

    Table 4: Count of entities by industry segment

    Industry segment

    2013–14

    2014–15

    2015–16

    2016–17

    BFI

    181

    182

    193

    203

    ISR

    53

    59

    60

    61

    MCA

    435

    433

    474

    493

    WRS

    942

    986

    1,079

    1,121

    MIN

    248

    244

    235

    231

    All industry segments

    1,859

    1,904

    2,041

    2,109
      Last modified: 13 Dec 2018QC 57604