Six-year trend analysis
Since the start of this report in 2013–14, increases in the number of entities in each industry has been a key contributing factor to growth in tax paid and income across all segments. The exception is the mining, energy and water segment, where commodity prices and export volumes have been key contributing factors in volatility in total income and tax payable.
All other segments experienced relatively stable growth in tax payable over the six years. However, there was a decline in 2018–19 which reflects a softening in non-mining sector corporate profits and the impact of challenging market conditions.
Taxable income is a corporate's total income minus expenses, and is therefore affected by revenue growth and market conditions affecting deductions (for example, interest rates changes will affect a corporate's borrowing expenses). Non-mining segments have relatively low growth in taxable income over the past six years. The mining, energy and water segment has contributed to overall growth in taxable income in the total population over the past three years.
The following figures illustrate the changes by industry segment in tax payable, total income, taxable income, and entity counts over the six 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 six years to 2018–19. Table 1 summarises this data.
Figure 3: Six-year trend of tax payable by industry segment

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

Table 1: Six-year trend of tax payable by industry segment ($b)
Industry segment
|
2013–14
|
2014–15
|
2015–16
|
2016–17
|
2017–18
|
2018–19
|
BFI
|
12.6
|
14.1
|
14.5
|
15.5
|
16.2
|
14.9
|
ISR
|
2.2
|
2.4
|
2.5
|
2.7
|
2.7
|
2.2
|
MCA
|
2.6
|
3.6
|
3.3
|
3.5
|
4.1
|
3.6
|
WRS
|
11.3
|
11.5
|
11.6
|
11.9
|
13.2
|
12.4
|
MIN
|
13.2
|
10.3
|
6.3
|
12.1
|
16.1
|
22.9
|
All industry segments
|
41.9
|
41.9
|
38.2
|
45.7
|
52.3
|
56.1
|
Figures 5 and 6 below illustrate the trend in total income by industry segment in the six years to 2018–19. Table 2 summarises this data.
Figure 5: Six-year trend of total income by industry segment

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

Table 2: Six-year trend of total income by industry segment ($b)
Industry segment
|
2013–14
|
2014–15
|
2015–16
|
2016–17
|
2017–18
|
2018–19
|
BFI
|
286.0
|
263.7
|
312.4
|
269.6
|
291.3
|
284.1
|
ISR
|
111.1
|
119.8
|
122.6
|
116.2
|
121.5
|
132.3
|
MCA
|
269.4
|
281.3
|
301.2
|
301.0
|
332.5
|
336.1
|
WRS
|
744.7
|
770.5
|
795.5
|
824.3
|
882.7
|
933.9
|
MIN
|
363.4
|
345.8
|
312.2
|
337.0
|
371.9
|
442.4
|
All industry segments
|
1,774.6
|
1,781.1
|
1,843.8
|
1,848.1
|
2,000.0
|
2,128.7
|
Figures 7 and 8 below illustrate the trend in taxable income by industry segment in the six years to 2018–19. Table 3 summarises this data.
Figure 7: Six-year trend of taxable income by industry segment

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

Table 3: Six-year trend of taxable income by industry segment ($b)
Industry segment
|
2013–14
|
2014–15
|
2015–16
|
2016–17
|
2017–18
|
2018–19
|
BFI
|
60.4
|
55.5
|
70.8
|
63.3
|
74.8
|
63.8
|
ISR
|
11.5
|
12.3
|
13.1
|
14.5
|
14.4
|
12.7
|
MCA
|
10.0
|
13.1
|
12.4
|
12.7
|
14.8
|
15.5
|
WRS
|
34.7
|
36.8
|
34.7
|
35.3
|
40.3
|
37.1
|
MIN
|
40.0
|
27.3
|
11.0
|
30.3
|
49.2
|
79.1
|
All industry segments
|
156.5
|
145.1
|
142.0
|
156.2
|
193.5
|
208.2
|
Figures 9 and 10 below illustrate the count of entities by industry segment in the six years to 2018–19. Table 4 summarises this data.
Figure 9: Count of entities by industry segment over six years

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

Table 4: Count of entities by industry segment
Industry segment
|
2013–14
|
2014–15
|
2015–16
|
2016–17
|
2017–18
|
2018–19
|
BFI
|
179
|
180
|
192
|
203
|
215
|
220
|
ISR
|
54
|
60
|
61
|
62
|
61
|
66
|
MCA
|
429
|
429
|
468
|
485
|
502
|
529
|
WRS
|
948
|
991
|
1,084
|
1,126
|
1,192
|
1,240
|
MIN
|
249
|
244
|
236
|
233
|
244
|
256
|
All industry segments
|
1,859
|
1,904
|
2,041
|
2,109
|
2,214
|
2,311
|