Full response from the AiGroup for a FactCheck on how Australia's top tax rates compare internationally

Sunanda Creagh, Editor, The Conversation
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In relation to this FactCheck on the AiGroup’s Innes Willox’s statement that Australia has “one of the highest progressive tax rates in the developed world”, a spokesman for the AiGroup sent the following sources and comment:

Innes was referring to top marginal tax rates. Data for 2016 show that Australia has a relatively high top marginal tax rate (49%) but not the highest among OECD countries (Sweden is top, at 60%). The rub is that our top marginal rate cuts in at a relatively lower level of income than most other OECD countries (2.2 times our average wage).

imageChart created by AiGroup using OECD data.AiGroup/OECDimageChart created by AiGroup using OECD data.AiGroup/OECD

The spokesman also sent a screenshot from an OECD report titled Revenue Statistics 2014 - Australia:

imageA screen shot from the OECD report Revenue Statistics 2014 - Australia.OECDimage

Authors: Sunanda Creagh, Editor, The Conversation

Read more http://theconversation.com/full-response-from-the-aigroup-for-a-factcheck-on-how-australias-top-tax-rates-compare-internationally-77798

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