Parliamentary budget officer reports federal corporate income tax revenues up 87 per cent

By Karunjit Singh (May 29, 2024, 4:17 PM EDT) -- Federal corporate income tax revenues have grown by 87 per cent between 2019-20 and 2022-23 to reach $93.9 billion, boosted by sharp increase in collections from the manufacturing, real estate and wholesale trade sectors, according to a report by the Parliamentary Budget Officer (PBO)....