The Connection Between Tax Revenue and Paid Tax in Australia

English

Abstract

This study seeks to determine how the contribution of the Paid tax affected the growth or
decline of Australia's government tax revenue. This analysis utilizes secondary data, which
consists of annual time series from 2001 to 2021 for all cross-section variables. This
research utilizes data acquired by the World Bank. This study examines the Taxes on
income, profits, and capital gains variables. Credit extended by the monetary sector to the
private sector, Claims on the central government, the ratio of bank liquid reserves to bank
assets, and tax revenue. Other than increases in Monetary sector credit to the private sector,
taxes on income, profits, and capital gains and the ratio of bank liquid reserves to bank
assets frequently have positive effects on other variables. Claims against the government,
with the exception of Tax revenue, which has a negative effect on other variables, this
indicate that Government tax revenue does have connections to the other variables.