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TOTAL TAXATION REVENUE

Components

Total taxation revenue collected in Australia rose 1.5% from $213,741 million in 2000-2001 to $216,915 million in 2001-02 due mainly to increased revenue from:

• income taxes levied on individuals and

• goods and services tax.

MAJOR COMPONENTS OF TOTAL TAXATION
		1998-99	1999-2000	2000-01	2001-02	Change from 2000-01 to 2001-02	Contribution to total taxes 2001-02
		$m	$m	$m	$m	%	%
Taxes on income
	Income taxes levied on individuals	75,553	83,788	77,425	87,250	12.7	40.2
	Income taxes levied on enterprises	25,677	29,516	42,221	31,782	-24.7	14.7
	Income taxes levied on non-residents	1,079	1,215	1,215	-	-	-
Employers payroll taxes
	General taxes (payroll tax)	8,229	8,734	9,272	9,415	1.5	4.3
	Other employers labour force taxes	3,151	3,467	3,537	3,760	6.3	1.7
Taxes on property
	Taxes on immovable property	8,052	8,447	9,070	9,507	4.8	4.4
	Taxes on financial and capital transactions	8,393	9,667	9,750	9,684	-0.7	4.5
Taxes on provision of goods and services
	General taxes (sales tax)	15,215	15,644	1,976	791	-60.0	0.4
	Goods and services tax (GST)	-	-	23,854	27,389	14.8	12.6
	Excises and levies	14,391	14,660	19,487	20,265	4.0	9.3
	Taxes on international trade	3,615	3,799	4,606	5,214	13.2	2.4
	Taxes on gambling	4,147	4,420	3,568	3,707	3.9	1.7
	Taxes on insurance	2,009	2,139	2,403	2,836	18.0	1.3
Taxes on the use of goods and performance of activities
	Motor vehicle taxes	3,921	3,911	4,033	4,291	6.4	2.0
	Franchise taxes	5,688	5,819	325	13	-96.0	-
Other taxes		963	915	1,001	1,010	0.9	0.5
Total		180,081	196,141	213,741	216,915	1.5	100.0

TAXATION PER CAPITA
		1998-99	1999-2000	2000-01	2001-02
Level of government		$	$	$	$
State and local
	New South Wales	2,512	2,658	2,356	2,329
	Victoria	2,241	2,347	2,090	2,134
	Queensland	1,669	1,744	1,515	1,656
	South Australia	1,945	2,138	1,812	1,830
	Western Australia	2,079	2,156	1,870	1,894
	Tasmania	1,713	1,782	1,507	1,491
	Northern Territory	1,967	1,998	1,301	1,396
	Australian Capital Territory	2,002	2,186	2,001	1,799
	Average	2,167	2,285	2,005	2,034
Commonwealth		7,352	7,952	9,000	9,012
Australia		9,499	10,222	10,992	11,029

• a change in the rate of a tax or levy;

• the introduction or abolition of a tax or levy;

• one-off special payments;

• additional or fewer collection periods during the financial year;

• changes to payment arrangements and

• other factors such as economic conditions, population growth, etc.

Major factors affecting taxation revenue in 2001-2002 are outlined below. This information has been derived from budget statements and annual reports published for the Commonwealth and state governments.


Commonwealth Government

TAXES ON INCOME

• Income tax levied on individuals rose by around $9.8 billion or 11.3%. This growth was caused by $2.0 billion in other withholding taxes levied on non-residents, previously reported under taxes levied on non-residents now being included in other PAYG tax collections which are classified as Personal Income Taxes; PAYG withholding collections on individuals increasing by $3.9 billion and revenue from the Medicare Levy increased by $3 billion, both as a result of higher growth in wages and increased employment. Lower tax refunds also contributed to the growth of personal income tax collections.

• Company income taxes fell by $10.4 billion in 2001-2002. The factors causing this decrease are a higher concentration of payments in 2000-2001 than 2001-2002, due to 2000-2001 being the transition year to the new tax system, and the lowering of the company tax rate from 34% to 30%.

• Income taxes paid by superannuation funds decreased by $1.3 billion. This largely reflects the bringing forward of superannuation tax payments under PAYG in 2000-2001. Lower net capital gains by superannuation funds were also responsible for this decrease.

• Withholding taxes on non-residents are no longer separately identifiable under PAYG and are now covered by personal income taxes.

• Revenue from the goods and services tax (GST) increased in 2001-2002 by $3.5 billion or 12.9%.

• Sales tax decreased by $1.2 billion as a result of the phasing out of the Wholesale sales tax scheme under the new tax system arrangements.

• Excise duties increased by $611 million during 2001-2002 because of higher fuel and diesel excises resulting from higher crude oil prices relative to the previous year and taxpayers' preference for using Diesel Fuel Rebate scheme instead of the upfront duty-free option.

• The $80 million in levies on statutory corporations relates to the Universal Services Levy imposed on telecommunications companies for the purpose of funding services in regional Australia.

• Taxes on international trade increased by $608 million, reflecting an increased level of imports that attract customs duty.

• The total taxation revenue for all states relating to employers payroll taxes increased in 2001-2002 by $174 million. This increase is linked to an overall increase in employment, although for Tasmania and the ACT, their individual totals declined.

• Financial institutions transaction taxes were down in all states during 2001-2002. This is due to abolition of Financial Institutions Duty and Debits Tax since July 1, 2000.

• Stamp duties an conveyances increased from the previous year by $2.0 billion as a direct result of the residential housing boom.

• Taxes on insurance grew by $561 million in 2001-2002 mainly as a result of the increase in the tax base (premiums) since the collapse of HIH.

• Taxes on gambling machines increased from $2.1 billion in 2000-2001 to $2.2 billion in 2001-2002. The biggest individual increase for this item was in Victoria where it grew by $102 million. This was due to an additional $1,200 levy on gambling machines in that state.

• The amount of revenue earned by the states from Franchise taxes shrunk from $325 million in 2000-2001 to just $13 million in 2001-2002.