The largest corporate entities in the corporate transparency population contribute to a significant proportion of overall tax payable. This trend has remained relatively stable over the past 6 years.
Corporate entities with income of more than $5 billion represent around 2.5% of the corporate transparency population and account for around 55% of tax payable (around $30.9 billion) (see Figure 16). There is a greater representation of Australian public entities in this cohort compared to the total corporate transparency population.
Corporate entities with income between $250 million and $5 billion represent the largest portion (almost 56%) of the corporate transparency population by count, and also account for 40% (around $22.5 billion) of the tax payable.
Figure 16: Corporate entities by income segment, 2018–19