Daily Bulletin

Business Mentor

.

  • Written by Sunanda Creagh, Editor, The Conversation

In relation to this FactCheck on the AiGroup’s Innes Willox’s statement that Australia has “one of the highest progressive tax rates in the developed world”, a spokesman for the AiGroup sent the following sources and comment:

Innes was referring to top marginal tax rates. Data for 2016 show that Australia has a relatively high top marginal tax rate (49%) but not the highest among OECD countries (Sweden is top, at 60%). The rub is that our top marginal rate cuts in at a relatively lower level of income than most other OECD countries (2.2 times our average wage).

image Chart created by AiGroup using OECD data. AiGroup/OECD image Chart created by AiGroup using OECD data. AiGroup/OECD

The spokesman also sent a screenshot from an OECD report titled Revenue Statistics 2014 - Australia:

image A screen shot from the OECD report Revenue Statistics 2014 - Australia. OECD

Authors: Sunanda Creagh, Editor, The Conversation

Read more http://theconversation.com/full-response-from-the-aigroup-for-a-factcheck-on-how-australias-top-tax-rates-compare-internationally-77798

Business News

Choosing the Right Mini Digger: Factors to Consider

In the vast landscape of construction and landscaping projects across Australia, mini diggers have become indispensable tools. These compact machines pack a powerful punch, offering versatility and ...

Daily Bulletin - avatar Daily Bulletin

Effective Strategies to Generate and Nurture Sales Leads for Business Growth

Boost your business's growth. Discover effective strategies to generate and nurture sales leads! A sales lead refers to an individual or business entity that is potentially interested in purchasing...

Daily Bulletin - avatar Daily Bulletin

Products Made from Petroleum

From transportation to healthcare, petroleum has become an integral part of our everyday lives. This fossil fuel serves as the foundation for a wide range of products that surround us, offering conv...

Daily Bulletin - avatar Daily Bulletin

Tomorrow Business Growth