TAXING REGIMES

The blessing our country offers palls more than a little because of taxation regimes.

Pay as you earn (PAYE) people contribute, in proportionate terms, a lot more than their due.

Those who make up corporate Australia and the very wealthy know all the tricks for legitimately minimising their tax liabilities. Their tax accountants serve them well.

Opportunities for tax deductions are not flagged publicly. One has to ‘find out’ about concessions, therefore being disadvantaged by lack of knowledge.

This is not fair or equitable and leaves a very sour taste in the mouths of many of Australia’s less well-off.