At 33%, New Zealand’s highest income tax rate is relatively low compared to other economies. Lifting it and cutting tax for low-income earners could improve welfare.
Politicians oppose toll roads on Johannesburg’s highways, yet they are textbook example of progressive taxation that favours the poor.
The Australian Bureau of Statistics’ latest analysis of the impact of government benefits and taxes on household income shows this reduces income inequality by more than 40% in Australia.
The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.
The AiGroup’s Innes Willox’s statement that Australia has “one of the highest progressive tax rates in the developed world”. We asked the AiGroup for sources to support his statement.
The AiGroup’s Innes Willox told Q&A that Australia has one of the highest progressive tax rates in the developed world. Is that true?