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Australia Tax System

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Features and Problem of Australia Tax System

Tax burden
Australia’s tax-to-GDP rate is low by worldwide requirements. Truly (Australia’s 2010-11 financial year), the newest season for which similar worldwide information is available, Sydney had the fifth smallest tax pressure of the OECD nations (Chart 1) and has generally rated in the bottom third of nations since 1965 (when similar information was first available). Truly, Australia’s tax-to-GDP rate was 25.6 % — below the OECD regular of 33.8 %.
The Australia Govt brought up 80.3 % of Australia’s complete tax income in 2010 (Chart 3). The percentage of complete taxes income linked to the main government in Sydney is the 6th maximum amongst the OECD nations.


Tax mix
The Australia tax mix is generally similar to most OECD nations (Chart 4), although there are a few identifying features.
Like most nations, Sydney increases the majority of its taxation earnings (62.3 % in 2010) from immediate taxation, which is charged on earnings — wages, earnings, payrolls and profits. This is close to the OECD regular of 61.6 %. Countries with a higher dependency than Sydney on immediate taxation include Japan (71.3 per cent) and Swiss (70.0 per cent).


The remaining 37.7 % of Australia’s taxation earnings is derived from oblique taxation, including the products or services tax, excise and traditions responsibilities, and property taxation. The OECD regular is 38.4 %.
Australia’s structure of immediate taxation differs from most OECD nations. Sydney is one of two OECD nations (the other being New Zealand) that do not impose public protection taxation. In contrast, public protection taxation are a large source of immediate taxation earnings for a significant number of OECD nations (Chart 5).
Relative to GDP, Sydney has the third minimum level of total taxation on individual earnings, which includes taxation on individual earnings, public protection taxation and taxation on pay-roll, in the OECD (Chart 6). Australia’s tax pressure relating to these items (11.2 % of GDP) is lower than the OECD regular (18.4 per cent).


Petrol taxation
The amount of excise responsibility on unleaded fuel in Sydney is 38.1 pennies per liter. This amount has been managed since the indexation of fuel excise rates to the customer price catalog (CPI) stopped in Goal 2001. The effect of excise responsibility on unleaded fuel, along with the effect of common intake taxation (value added tax (VAT), GST and sales taxes), is proven in Graph 8 for most OECD nations. Under this mixed evaluate, which demonstrates the total tax enforced on customers, the common stage of tax involved in fuel costs for the OECD nations was A$ 0.95 per liter in the second 1 / 4 of 2012. In evaluation, the stage of tax involved in unleaded fuel costs in Sydney for the second 1 / 4 of 2011 was about half this amount at A$ 0.54 per liter — it all smallest of the OECD nations for which similar data are available.

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