Total Tax Contribution - 2008 Survey Results

The third annual Total Tax Contribution (TTC) report includes valuable insights from 79 Australian businesses, who together contribute over $31 billion in business taxes, or almost a third of the total projected corporate income taxation revenue for Australia in 2007-2008.

The 2008 results confirm the significant contribution of large business to taxation revenue and emphasise the complexity and inefficiency of the existing tax system, reinforcing the importance of the Henry Review for business.

The insights provided into the Taxes Borne and Collected and the cost of tax compliance, reinforce the need for businesses to better understand their own tax footprint. Furthermore it also shows the opportunities for greater operational efficiency, irrespective of how the Henry Review addresses the complexity problem.

This is the third year PwC has undertaken the TTC analysis, and over this time we have gained insights from over 136 key Australian businesses. The initial 2006 survey put "a stake in the ground" on business tax reform.

Participation of business in the TTC study continues to maintain the focus on the need to drive forward that tax reform, and has again given the participating organisations the opportunity to better understand and benchmark their own business tax footprint and cost of compliance.

Total Tax Contribution [PDF 894 KB]