Demographics of large corporate groups – data table
The table details the data used in the figure Large corporate groups – contribution to tax revenue from 2017–18 to 2022–23.
|
Income tax payable ($b) |
2018–19 |
2019–20 |
2020–21 |
2021–22 |
2022–23 |
2023–24 |
|---|---|---|---|---|---|---|
|
Large diversified miners |
10.2 |
11.5 |
14.9 |
23.1 |
21.0 |
18.7 |
|
Oil and gas |
1.9 |
1.3 |
0.6 |
1.4 |
12.0 |
10.4 |
|
Other mining, energy and water |
10.8 |
12.1 |
16.6 |
18.0 |
22.3 |
19.3 |
|
Major banks |
10.1 |
9.2 |
8.4 |
8.4 |
9.9 |
10.0 |
|
Other financial services |
6.8 |
6.4 |
7.4 |
8.7 |
7.3 |
8.5 |
|
Wholesale, retail and services |
12.6 |
12.5 |
15.1 |
17.3 |
18.4 |
19.4 |
|
Manufacturing, construction and agriculture |
3.8 |
3.7 |
4.0 |
5.6 |
4.8 |
6.5 |
|
Total reported |
56.2 |
56.6 |
67.1 |
82.6 |
95.6 |
92.7 |
Macro-level analysis is giving us confidence – data tables
The table below details the data used in the figure Indexed income tax payable and pre-tax profits of ASX-listed companies.
|
Year |
Income tax payable ($m) |
Pre-tax profit ($m) |
Indexed income tax payable |
Indexed pre-tax profit |
|---|---|---|---|---|
|
2019 |
29,938 |
164,157 |
100.0 |
100.0 |
|
2020 |
31,080 |
146,335 |
103.8 |
89.1 |
|
2021 |
37,877 |
190,778 |
126.5 |
116.2 |
|
2022 |
43,353 |
246,988 |
144.8 |
150.5 |
|
2023 |
42,355 |
238,330 |
141.5 |
145.2 |
|
2024 |
41,685 |
210,295 |
139.2 |
128.1 |
The table below details the data used in the figure Tax-to-income ratios of Australian public and majority foreign-owned large corporate groups.
|
Year |
Majority foreign-owned |
Australian – Public |
Australian – Public |
Private |
|---|---|---|---|---|
|
2019 |
2.18% |
3.44% |
2.74% |
1.57% |
|
2020 |
1.76% |
3.45% |
2.56% |
1.77% |
|
2021 |
1.66% |
4.10% |
2.81% |
2.09% |
|
2022 |
2.29% |
4.33% |
3.02% |
1.86% |
|
2023 |
3.02% |
3.73% |
2.99% |
1.58% |
|
2024 |
2.67% |
3.49% |
2.70% |
1.87% |
The OECD four pillars of compliance – data table
The table details the data used in Figure 2: Culpability penalty rates applied to large corporate groups, 2018–19 to 2023–24.
|
Culpability penalty |
2019–20 |
2020–21 |
2021–22 |
2022–23 |
2023–24 |
2024–25 |
|---|---|---|---|---|---|---|
|
0 rate |
0.7 |
0.3 |
0.3 |
0.7 |
0.4 |
0.5 |
|
10% rate |
0.1 |
0.3 |
0.3 |
0.0 |
0.3 |
0.2 |
|
25% rate |
0.1 |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
|
50% rate |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
0.2 |
|
75% rate |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |