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Team Name:

Team 2613


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Evidence of Work

Project 2613

Project Info

Team Name


Team 2613


Team Members


2 members with unpublished profiles.

Project Description


We propose the Tax Vulnerability Index (TVI) which is an indication of whether an individual would be succeptible to missing tax payments. The TVI for an individual is calculated from various features, including:

Income
Superannuation
Whether the individual has a HELPS loan
Whether the individual has difficulty understanding English
Whether the individual has missed tax obligations in the past

The weighted sum of all the features is taken to compute the TVI. The income and superannuation are interpolated from percentiles to 0-1. The resulting TVI is a number from 0-100.

The weights chosen are just heuristic. In practise, we advise that analysis of real data is done to find the appropriate values for these weights. However, it still functions as an indication that an individual may require assistance to meet their tax obligations.


Data Story


Percentiles were calculated from the income brackets populations from the dataset "Individual statistics from Taxation Statistics 2021-22".
Percentiles were calculated from the superannuation brackets populations from the dataset "Individual Statistics from Taxation Statistics 2021-2022"
The socio-economic index decile are looked up from the postal code from the dataset "Socio-economic Indexes for Areas"

All data points were normalised using min-max normalisation.

The normalised data points were computed with a weighted sum, then min-max normalised to a value from 0-100


Evidence of Work

Video

Team DataSets

Taxation statistics 2021–22

Data Set

Taxation statistics 2021–22

Data Set

disqualified trustees register

Data Set

australian-tax-gaps-2023-publication

Data Set

Challenge Entries

Tax inclusion for vulnerable groups

How can we use open government data to identify vulnerable or at-risk groups who face barriers or challenges in complying with the tax and super systems, and design or improve digital solutions to help them meet their obligations and access their entitlements?

Go to Challenge | 14 teams have entered this challenge.