The Australian Bureau of Statistics (ABS) has released tax revenue data for the 2019-20 financial year, which reveals that Australia’s total tax take decreased by $8.0 billion (1.4%) to $552.0 billion:
After rising inexorably for years, Australia’s total tax receipts fell in 2019-20.
The decline in tax revenue was experienced across all levels of government; although the main drivers of the fall were:
