Open AccessDoes Australia Have A Good Income Tax System?
Author(s) -
Anthony Stokes,
Sarah Wright
Publication year - 2013
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v12i5.7828
Subject(s) - economics , income tax , state income tax , gross income , labour economics , public economics , tax reform
Australia is considered to have relatively low rates of tax in comparison to other members of the OECD. This paper explores Australias tax system to see if it is a fair, efficient and simple system for income earners. The paper finds that there are major inequities in the current income tax system, which tend to favour the higher income earners and owners of wealth.