While the corporate transparency population represents the largest entities operating in Australia, the majority of tax payable is accounted for by a small number of very large entities.
Corporate entities with income of more than $5 billion represent only 3% of the corporate transparency population, but are liable for 53% ($20 billion) of the tax payable for the population (Figure 8). While this share of tax payable figure is down from 60% in the previous year, largely due to declines in energy and resources, it still represents a significant share of tax payable for an extremely small number of companies.
Figure 8: Corporate entities by income segment, 2015–16