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Income segment

Last updated 12 December 2018

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 2% of the corporate transparency population, but are liable for 57% ($26 billion) of the tax payable for the population (Figure 16). This share of tax payable has increased from 53% in the previous year, largely due to the recovery of commodity prices supporting an increase in tax payable in the mining, energy and water segment. This represents a significant share of tax payable for an extremely small number of companies.

Figure 16: Corporate entities by income segment, 2016–17

Entities in the population are grouped into three income range segments. This figure shows the number of corporate entities in each income range segment, the number with positive taxable income and tax payable amounts, and the amount of tax payable. In 2016–17, a small number of entities – representing about 2% of the population – were in the $5 billion or more income segment, and reported $26.1 billion of tax payable, or 57% of the total. The majority of corporate entities fell into the $0.25 billion to $4.99 billion income segment, and these entities reported tax payable of $16.9 billion, or 37% of the total. The remainder of the population fell within the lower income segment (of between $0.1 billion and $0.249 billion) but reported a relatively small amount of tax payable.