Demographics of large corporate groups – data table
The following table details the data used in Figure 5 Large corporate groups – contribution to tax revenue from 2019–20 to 2024–25.
|
Income tax payable ($b) |
2019–20 |
2020–21 |
2021–22 |
2022–23 |
2023–24 |
2024–25 |
|---|---|---|---|---|---|---|
|
Large diversified miners |
11.5 |
14.9 |
23.1 |
21.0 |
18.7 |
11.7 |
|
Oil and gas |
1.3 |
0.6 |
1.4 |
12.0 |
10.4 |
10.6 |
|
Other mining, energy and water |
12.1 |
16.6 |
18.0 |
22.3 |
19.3 |
14.8 |
|
Major banks |
9.2 |
8.4 |
8.4 |
9.9 |
10.0 |
10.4 |
|
Other financial services |
6.4 |
7.4 |
8.7 |
7.3 |
8.5 |
10.4 |
|
Wholesale, retail and services |
12.5 |
15.1 |
17.3 |
18.4 |
19.4 |
20.7 |
|
Manufacturing, construction and agriculture |
3.7 |
4.0 |
5.6 |
4.8 |
6.5 |
7.1 |
|
Total reported |
56.6 |
67.1 |
82.6 |
95.6 |
92.7 |
85.7 |
Macro-level analysis is giving us confidence – data tables
The following tables details the data used in Figure 1 Indexed income tax payable and pre-tax profits of ASX-listed companies.
|
Year |
Income tax payable ($m) |
Pre-tax profit ($m) |
Indexed income tax payable |
Indexed pre-tax profit |
|---|---|---|---|---|
|
2019 |
28,816 |
157,531 |
100.0 |
100.0 |
|
2020 |
29,825 |
142,062 |
103.5 |
90.2 |
|
2021 |
37,079 |
188,867 |
128.7 |
119.9 |
|
2022 |
42,506 |
243,216 |
147.5 |
154.4 |
|
2023 |
43,045 |
243,317 |
149.4 |
154.5 |
|
2024 |
41,619 |
211,173 |
144.4 |
134.1 |
|
2025 |
36,831 |
218,263 |
127.8 |
138.6 |
The following table details the data used in Figure 2 Tax-to-income ratios of Australian public and majority foreign-owned large corporate groups.
|
Year |
Majority foreign-owned |
Australian – public |
Australian – public |
Private |
|---|---|---|---|---|
|
2019 |
2.32% |
3.32% |
2.42% |
1.66% |
|
2020 |
1.73% |
3.28% |
2.12% |
1.81% |
|
2021 |
1.57% |
3.83% |
2.25% |
2.14% |
|
2022 |
2.11% |
4.00% |
2.48% |
2.28% |
|
2023 |
2.77% |
3.43% |
2.70% |
1.51% |
|
2024 |
2.41% |
3.20% |
2.46% |
1.83% |
|
2025 |
2.25% |
2.83% |
2.30% |
2.23% |
The OECD four pillars of compliance – data table
The following table details the data used in Figure 2: Culpability penalty rates applied to large corporate groups, 2020–21 to 2025–26.
|
Culp ability penalty |
2020–21 |
2021–22 |
2022–23 |
2023–24 |
2024–25 |
2025–26 |
|---|---|---|---|---|---|---|
|
0 rate |
0.3 |
0.3 |
0.7 |
0.4 |
0.5 |
0.4 |
|
10% rate |
0.3 |
0.3 |
0.0 |
0.3 |
0.2 |
0.2 |
|
25% rate |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
0.2 |
|
50% rate |
0.1 |
0.1 |
0.1 |
0.0 |
0.2 |
0.2 |
|
75% rate |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |