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