Fed: How Australia's tax system stacks up globally

AAP General News (Australia)
04-12-2006
Fed: How Australia's tax system stacks up globally

How Australia's tax system compares globally:



- 8th lowest taxing country

- 3rd lowest spending country as proportion of GDP

- 4th lowest direct taxing of individuals

- 5th highest gross-wage earnings for average workers

- Top marginal income tax rate of 48.5 per cent is 11th highest

- Lower than average top marginal income tax threshold

- 3rd highest corporate tax take as a percentage of GDP

- Slightly above average corporate tax rate

- 3rd and 2nd highest capital gains tax rates for shares

- 4th lowest excise duty on petrol

- 7th highest reliance on property and transaction taxes (mainly imposed by states)



(All figures based on analysis of top-30 industrialised nations in the OECD in the
Hendy-Warburton report.)



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KEYWORD: TAX (AAP FACTBOX)

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