Australia is a low tax country. If we were to collect the average amount of tax collected by OECD countries then this year, we would have to collect more than an extra $100 billion. Per year.
Thu 1 Feb 2024 15.00
“Australia is a low tax country. If we were to collect the average amount of tax collected by OECD countries then this year, we would have to collect more than an extra $100 billion. Per year.”
On Wednesday, 31 January 2024, Executive Director at the Australia Institute Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms.
Despite continual demonisation of Victoria’s economy and suggestion that the state is a bad place to invest, the most recent state economy figures show that the Victoria remains a very popular place for businesses.
The latest figures from the ABS show wages are growing at a reasonable rate, but a deeper look shows a big problem might be about to bite Australian workers.
The announcement this week that CSIRO are to cut 350 research jobs is another damning indictment on Australia’s ongoing failure to prioritise research and development.
