TAXATION REVENUE ANALYSIS
The amount of taxation revenue collected in a particular year can be affected by a number of factors, including:
- a change in the rate of a tax
- the introduction or abolition of a tax
- one-off special payments
- additional or fewer collection periods during the financial year
- changes to payment arrangements
- other factors such as economic conditions, population growth, etc.
2010–11 TAXATION REVENUE
Commonwealth Government
Taxes on Income
- Income taxes levied on individuals increased $13,636m (11%) from 2009–10 to 2010–11.
- Income taxes levied on enterprises increased $4,148m (7%).
- Income taxes paid by superannuation funds increased $519m (8%).
Taxes on the provision of goods and services
- Goods and services tax (GST) revenue received rose $1,540m (3%) to $48,093m.
State Governments
Total taxation revenue
- All states recorded increases in taxation revenue except Tasmania and the Northern Territory which recorded decreases. The largest increase in dollar terms was New South Wales; rising $1,267m (7%) to $20,417m from 2009–10 to 2010–11. Victoria's taxation revenue increased by $1,116m (8%) to $14,857 in 2010–11. The Northern Territory recorded a decrease in total taxation revenue of $18m (4%) to $397m.
Taxes on Employers' Payroll
- Taxes on employers' payroll for all states increased in 2010–11 by $1,290m (8%). Queensland recorded the largest increase in dollar terms, rising $336m (13%).
Taxes on property
- Taxes on property rose $656m (3%) to $20,905m from 2009–10 to 2010–11. This was mainly due to an increase of $238m (4%) in land taxes and a $153m (23%) increase in government borrowing guarantee levies.
Taxes on the provision of goods and services
- Taxes on the provision of goods and services increased $530m (5%), mainly due to an increase of $438m (10%) in taxes on insurance.
Taxes on use of goods and performance of activities
- Taxes on the use of goods and performance of activities increased $1,108m (14%)
- Revenue from motor vehicle taxes increased $469m (7%)
- Revenue from other taxes on the use of goods and performance of activities increased $641m (83%).