Australia - Taxes on income, profits and capital gains (% of total taxes)

Taxes on income, profits and capital gains (% of total taxes) in Australia was 74.33 as of 2019. Its highest value over the past 47 years was 75.06 in 2000, while its lowest value was 66.03 in 1984.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 66.68
1973 67.44
1974 68.97
1975 71.71
1976 69.92
1977 70.70
1978 71.54
1979 67.93
1980 67.65
1981 68.50
1982 69.76
1983 68.26
1984 66.03
1985 66.70
1986 67.02
1987 68.35
1988 68.42
1989 70.22
1990 70.86
1991 71.89
1992 72.18
1993 72.38
1994 71.11
1995 70.43
1996 71.40
1997 72.61
1998 72.81
1999 73.40
2000 75.06
2001 70.86
2002 68.90
2003 68.72
2004 69.38
2005 71.03
2006 71.80
2007 72.22
2008 72.92
2009 72.36
2010 69.88
2011 70.95
2012 72.90
2013 71.68
2014 70.93
2015 72.80
2016 71.80
2017 72.35
2018 73.13
2019 74.33

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance