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Australia Is A Wealthy Nation Raising Little Tax Revenue

15 mins 3 mths

We measure ourselves against our peers. Australia is a wealthy nation raising little tax revenue, which is revealed by OECD economic research. It is important to state we are not talking about income tax exclusively here but all revenue raising taxation. Considering Australia is in the top 10 wealthiest countries globally it is surprising that we trail our peers like Canada and New Zealand in raising tax revenue annually. Taxes pay for our public services like Medicare, education, our military, and law and order to name a few important of these essential services.

Economics Fresh Politics