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  • Five-year trend analysis

    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

      Last modified: 12 Dec 2019QC 60880