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.
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.