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  • Population overview

    The 2017–18 corporate transparency population consists of 2,214 entities, which reflects a net increase of 105 entities from the previous year. The 2017–18 population includes 1,877 entities that were reported in the 2016–17 population, and 337 that were not (Figure 11).

    Figure 11: Entities in scope for the 2017–18 corporate transparency report

    In 2017–178, 2,214 entities were in scope for the transparency report. Of these, 1,877 carried over from the previous year and 337 were new to the transparency population.

    Exits

    In 2017–18, 232 entities from the 2016–17 corporate transparency population (including 62 Australian private, 68 Australian public and 102 foreign-owned entities) were no longer in scope. We analyse these entities to ensure that exits are for legitimate reasons and entities are not manipulating their income tax returns to fall outside the corporate transparency measure. Of these exits from the transparency population:

    • 136 reported income levels below the transparency thresholds
    • 65 joined a consolidated group during the year (income earned after joining was reported by their head company)
    • 25 had not yet lodged or had lodged a company tax return that was not processed by the cut-off date for the report (1 September 2019)
    • six were not required to lodge a company tax return due to various other reasons (for example, deregistration).

    The number of entities that exited the transparency population in 2017–18 due to a drop in income is consistent with a normal level of churn in the population over recent years, including years prior to the first corporate tax transparency report.

    The headline results are summarised in Figure 12. Exits by reason are also shown in Figure 13 for Australian private groups, Figure 14 for Australian public entities and Figure 15 for foreign-owned entities.

    Figure 12: Exits from the corporate transparency population – entire population

    In 2017–18, 232 entities from 2016–17 were no longer in scope for the transparency report. Of these, 136 reported income below the income thresholds, 65 joined a consolidated group, 25  had not yet lodged, lodged late or were not yet processed and six were not required to lodge for other known reasons.

    Figure 13: Exits from the corporate transparency population – Australian private entities

    In 2017–18, 62 Australian private entities from 2016–17 were no longer in scope for the transparency report. Of these, 40 reported income below the income thresholds, 12 joined a consolidated group, eight had not yet lodged, lodged late or were not yet processed and two were not required to lodge for other known reasons.

    Figure 14: Exits from the corporate transparency population – Australian public entities

    In 2017–18, 68 Australian public entities from 2016–17 were no longer in scope for the transparency report. Of these, 33 reported income below the income thresholds, 24 joined a consolidated group, and 11 had not yet lodged, lodged late or were not yet processed.

    Figure 15: Exits from the corporate transparency population – foreign-owned entities

     In 2017–18, 102 foreign-owned entities from 2016-17 were no longer in scope for the transparency report. Of these, 63 reported income below the income thresholds, 29 joined a consolidated group, six had not yet lodged, lodged late or were not yet processed and four were not required to lodge for other known reasons.

      Last modified: 12 Dec 2019QC 60880