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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.

• Income taxes levied on individuals increased $15,228m (11%) from 2010–11 to 2011–12.
• Income taxes levied on enterprises increased $11,054m (17%).
• Income taxes paid by superannuation funds increased $1,155m (17%).

• Goods and services tax (GST) revenue received rose $756m (2%) to $48,849m.

• All states recorded increases in taxation revenue except Australian Capital Territory which recorded a decrease. The largest increase in dollar terms was Queensland; rising $633m (6%) to $10,608m from 2010–11 to 2011–12. Western Australia's taxation revenue increased by $512m (8%) to $7,052 in 2011–12. The Australian Capital Territory recorded a decrease in total taxation revenue of $61m (5%) to $1,183m.

• Taxes on employers' payroll for all states increased in 2011–12 by $1,592m (9%). Queensland recorded the largest increase in dollar terms, rising $439m (15%).

• Taxes on property decreased by $470m (2%) to $20,335m from 2010–11 to 2011–12. This was mainly due to a decrease in stamp duties on conveyances of $572m (5%) and a $74m (23%) decrease in other stamp duties.

• Taxes on the provision of goods and services increased $583 (6%), mainly due to an increase of $359m (7%) in taxes on insurance.

• Taxes on the use of goods and performance of activities decreased $139m (2%)
  • Revenue from motor vehicle taxes increased $423m (6%)
  • Revenue from other taxes on the use of goods and performance of activities n.e.c. decreased $586m (41%).