AUSTRALIA – WHAT WE ARE DOING WRONG (12)

12. 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 deduction are not flagged in a public context.

One has to ‘find out’ about concessions, therefore being disadvantaged

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