Australians Taxed Third-Highest Across OECD Countries: Report

Australians Taxed ‘Third-Highest’ Across OECD Countries: Report
Australia’s income tax burden among OECD countries is the third-highest in the world, just behind Denmark and Iceland, according to a report by the Organisation for Economic Co-operation and Development (OECD).
The report published on April 29 comes as Treasurer Josh Frydenberg delivered his pre-budget speech in which he outlined the nation’s focus on job creation and reducing unemployment.
According to the OECD, Australia was approximately 10 percentage points higher than the 37 countries in the OECD, reported The Australian.
Additionally, a single employee in Australia with no children paid 22.7 percent of their $67,200 wage in tax for the 2019-2020 financial year.

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