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  • It is estimated that company tax as a percentage of total tax revenue will fall steadily from a peak of 19.6 per cent in 2019–20 to 18.3 per cent in 2022–23. The company tax projections have factored in an increase in company tax collections due to extending the Australian Taxation Office’s (ATO) Tax Avoidance Taskforce, with most of this flowing through in 2021–22 and 2022–23. However, this is expected to be offset due to several liquefied natural gas (LNG) companies having accumulated tax losses.

    Revenue Budget Review 2019–20 Index

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