tax system

Australia’s top 10 taxes generate 90 percent of their revenue

by Catherine Mulbrandon

Day 24 of 28 Days of Tax Data

90 percent of the tax revenue collected by the Australian government (including the state and local government) came from 10 taxes:

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Diagram of Australia’s Tax System

by Catherine Mulbrandon

in Other

Day 23 of 28 Days of Tax Data

From Australia’s future tax system

This chart

provides a schematic representation of Australia’s tax?transfer system, illustrating the way in which it impacts on individuals’ economic behaviour. It also depicts the elements of the tax?transfer system that are relevant to the operations of Australian businesses. This is indicated by the light blue background shading to the tax elements of the chart. The chart is not intended to be a comprehensive representation of the tax?transfer system. Instead it summarises the major elements of the system and the key linkages between them.

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International corporate tax rates 2001 and 2008

by Catherine Mulbrandon

in Other

Day 22 of 28 Days of Tax Data

From Australia’s future Tax System

Some interesting data from a report on Australia’s Tax system. Both graphs are displaying statutory corporate tax rate (i.e. the tax rate that is imposed on taxable income of corporation). Notice that the average of OECD countries has decreased from 32.5% (2001) to 26.6% (2008)

Statutory corporate tax rate 2001

Statutory corporate tax rate 2008

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More taxes collected from Employment than from Corporate Profits

by Catherine Mulbrandon

in Other

(I am starting a new series today: 28 days of Tax Data where I will be posting each day something I find interesting about the Untied States’ Tax System)

From the Tableau Software blog Ellie Fields posted an analysis last year comparing the amount collected from Employment tax (Social Security, Medicare, Federal Unemployment taxes which are taxed per employee) vs the amount collected from Corporate tax (which is taxed per dollar of profit). This is for the Federal Government only.

The first graph shows that since the 1960s the amount of taxes from employment has increased relative to corporate taxes

The second graph is plotting the % change in the different between employment and corporate taxes collected. As each recession hit (shown as thick lines of red and pink) taxes collected from employment drop faster (i.e. layoffs) than from corporate taxes (less profit).