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Category: Australia
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Revenue Statistics: Key findings for Australia
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Australia increased by 0.8 percentage points from 27.7% in 2019 to 28.5% in 2020.* The corresponding figures for the OECD average were an increase of 0.2 percentage points from 33.4% to 33.6%.
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Carbon Pricing: key findings for Australia
Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air and water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in Australia between 2018 and 2021. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
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Revenue Statistics in Asian and Pacific: Key findings for Australia
Australia’s tax-to-GDP ratio was 27.7% in 2019* (latest available data), above the Asia and Pacific (28) average of 19.1% by 8.6 percentage points. It was below the OECD average (33.5%) by 5.8 percentage points.
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Transfer Pricing Country Profiles
These country profiles focus on countries’ domestic legislation regarding key transfer pricing principles, including the arm’s length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.
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Taxing Wages: Key findings for Australia
The tax wedge for the average single worker in Australia decreased by 1.3 percentage points from 28.4% in 2020 to 27.1% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, Australia had the 31st lowest tax wedge among the 38 OECD member countries, compared with 30th in 2020.