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The Tax Institute has launched a professional development initiative for women working in taxation, in an effort to address the “hidden barriers” to progress in modern workplaces.
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Tax Institute launches gender equality initiative
02 February 2018
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8 minute read
Today marks the official launch of the Tax Institute’s Women in Tax initiative, which has publicly available resources but is primarily geared towards members.
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The Tax Institute is looking to back female career progression, leadership, workforce diversity and work/life balance for its members.
Women working in tax have a long way to go before equality with their male counterparts is realised.
Data from the 2013-14 financial year, which are more complete than 2014-15 and 2015-16 because of lodgement deadlines, indicate a significant pay gulf between men and women.
For example, women who fell into the accountant and chartered accountant category had an average taxable income of $71,552. Men in the same category, however, had an average taxable income of $105,107.
For male tax accountants, the average taxable income was $75,854. For their female counterparts it was $61,239.
The gaps were just as significant with tax agents or consultants. The average taxable income for a woman was $52,006. For a man, it was $79,982.
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