There are 2,370 corporate entities in the 2019–20 corporate transparency population, with tax payable of $57.2 billion. Compared to 2018–19, this represents a net increase of 59 entities (2.6%) and an increase in tax payable of approximately $1.1 billion (2.0%).
See Figure 1 for a comparison of population growth over five years. The growth has been relatively consistent over the last five years but has slowed in 2019–20 due to a challenging economy. The growth is caused by more corporations exceeding the reporting income thresholds each year.
Figure 1: Corporate tax transparency population, growth over five years