Original article by Joyce Moullakis
The Australian – Page: 25 & 28 : 10-May-23

The budget papers show that the federal government’s corporate tax take is slated to total $138.4bn in 2022-23, compared with $123.3bn in 2021-22. Company tax receipts up to March were $7.6bn higher than had been forecast in Labor’s first budget in October, reflecting the increase in earnings in sectors such as resources. However, company tax receipts are forecast to total $128.7bn in 2023-24 and $119.8bn in 2024-25. Treasurer Jim Chalmers noted in his budget speech that global economic growth is expected to slow significantly over the next two years, which will affect the domestic economy, businesses and exporters.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY