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Five-year trend analysis

Last updated 11 December 2019

Over the five years to 2018, all industry segments reported growth in total income, taxable income and tax payable. The increase in the number of entities in each industry, with the exception of mining, energy and water, was a key contributing factor to the increase in these figures (see Table 4).

The following figures illustrate the changes by industry segment in tax payable, total income, taxable income, and entity counts over the five years since the first report on corporate tax transparency was released.

Figure 3 and Figure 4 illustrate the trend in tax payable by industry segment in the five years to 2018. Table 1 summarises this data.

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

 This column graph shows the trend in tax payable across the five years of 2013–14 to 2017–18, by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water). 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 steadily increased. This graph also shows that in aggregate tax payable has increased across the 5 years except for 2015-16 where it was affected by the mining industry.

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

 Like in Figure 3, this graph shows the trend in tax payable across the five years of 2013–14 to 2017–18, but in the form of an area graph. The data is broken down by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water).

Table 1: Five-year trend of tax payable by industry segment ($ billion)

Industry segment

2013–14

2014–15

2015–16

2016–17

2017–18

BFI

12.4

14.1

14.5

15.5

16.2

ISR

2.1

2.4

2.5

2.7

2.7

MCA

2.0

3.6

3.3

3.5

4.1

WRS

10.7

11.5

11.7

11.9

13.3

MIN

12.7

10.3

6.3

12.1

16.1

All industry segments

39.9

41.9

38.2

45.7

52.3

Figures 5 and 6 below illustrate the trend in total income by industry segment in the five years to 2018. Table 2 summarises this data.

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

 This column graph shows the trend of total income across the five years of 2013–14 to 2017–18, by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water). 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: Five-year trend of total income by industry segment

 Like in Figure 5, this graph shows the trend in total income across the five years of 2013–14 to 2017–18, but in the form of an area graph. The data is broken down by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water).

Table 2: Five-year trend of total income by industry segment ($ billion)

Industry segment

2013–14

2014–15

2015–16

2016–17

2017–18

BFI

271.6

263.6

275.9

269.4

290.8

ISR

107.2

119.8

122.6

116.2

121.5

MCA

224.2

281.7

301.8

301.6

332.8

WRS

675.4

771.8

797.2

826.2

885.4

MIN

350.4

344.0

310.1

334.7

369.5

All industry segments

1,628.9

1,781.0

1,807.7

1,848.1

2,000.0

Figures 7 and 8 below illustrate the trend in taxable income by industry segment in the five years to 2018. Table 3 summarises this data.

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

 This column graph shows the trend of taxable income across the five years of 2013–14 to 2017–18, by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water). 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 five years there had been an overall decline in taxable income, which recovered in 2016–17.

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

Like in Figure 7, this graph shows the trend in taxable income across the five years of 2013–14 to 2017–18, but in the form of an area graph. The data is broken down by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water).

Table 3: Five-year trend of taxable income by industry segment ($ billion)

Industry segment

2013–14

2014–15

2015–16

2016–17

2017–18

BFI

60.1

55.5

70.8

63.3

74.8

ISR

10.9

12.3

13.1

14.5

14.4

MCA

7.7

13.1

12.4

12.7

14.8

WRS

33.0

36.8

34.7

35.3

40.3

MIN

39.1

27.3

11.0

30.3

49.2

All industry segments

150.8

145.1

142.0

156.2

193.5

Figures 9 and 10 below illustrate the count of entities by industry segment in the five years to 2018. Table 4 summarises this data.

Figure 9: Count of entities by industry segment over five years

This column graph shows the trend in the number of entities in the population across the five years of 2013–14 to 2017–18, by industry segment(banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water). 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 five years there had been an overall increase in the entity count.

Figure 10: Count of entities by industry segment over five years

 Like in Figure 9, this graph shows the trend in the number of entities in the population across the five years of 2013–14 to 2017–18, but in the form of an area graph. It is broken down by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water).

Table 4: Count of entities by industry segment

Industry segment

2013–14

2014–15

2015–16

2016–17

2017–18

BFI

151

180

191

202

212

ISR

52

60

61

62

61

MCA

329

432

472

489

505

WRS

776

990

1,083

1,124

1,193

MIN

230

242

234

232

243

All industry segments

1,538

1,904

2,041

2,109

2,214

QC60880