Government tax revenue nears $300 billion

WA beats NSW as highest taxing state

Taxes collected by all Australian governments increased by $19.2 billion in the last financial year reaching just under $300 billion.

For the first time NSW is no longer Australia's highest taxing state, that coveted title has moved to Western Australia with tax per person in the west jumping by $415 or 16 percent.

Western Australia's per capita tax jumped to $3015, compared with NSW's $2721 and Victoria's $2651, according to the Australian Bureau of Statistics (ABS).

In its annual report on Australia's taxation revenue which was released yesterday, the ABS said the minerals boom has contributed to Western Australia's taxation status making it the country's fastest growing state economy.

Commonwealth revenue rose by seven percent to $245 billion and made up 82.3 percent of all taxation revenue.

In 2005/06 the states raised $44.2 billion, a 6.2 percent increase on the previous year. Local government revenue was $8.9 billion.

Income tax is the biggest single source of tax revenue.

It rose by $13.2 billion to $176 billion in the last financial year and accounted for nearly 60 percent of all tax revenue.

A further 25 percent of tax revenue came from goods and services including the GST topping $76 billiion in 2005/06.

The biggest source of tax revenue for the states was payroll tax which topped $13 billion.

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