Original article by Tom McIlroy
The Australian Financial Review – Page: 10 : 1-May-20
New figures show that workers in OECD member nations had an average income tax rate of 15.8 per cent in 2019. However, Australian workers on the average wage paid an income tax rate of 23.6 per cent. Denmark, Iceland and Belgium were the only OECD nations that had a higher average income tax rate. Grant Wardell-Johnson of KPMG notes that personal income tax accounts for nearly half of Australia’s tax base.
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, KPMG AUSTRALIA PTY LTD