Full response from the AiGroup for a FactCheck on how Australia's top tax rates compare internationally
- 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).
Chart created by AiGroup using OECD data.
AiGroup/OECD
Chart created by AiGroup using OECD data.
AiGroup/OECD
The spokesman also sent a screenshot from an OECD report titled Revenue Statistics 2014 - Australia:
A screen shot from the OECD report Revenue Statistics 2014 - Australia.
OECD
Authors: Sunanda Creagh, Editor, The Conversation
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