No matter where you live or how much money you make, you probably think you’re paying too much tax. But are Aussies really that hard done by? This infographic provides some answers.
The below infographic comes from the payroll and contractor management company Ayers. It breaks down the amount of tax paid by single individuals on an average income in various parts of the world. Interestingly, Australia didn’t even make the top 10: countries with higher tax rates included the USA, the UK and, Germany New Zealand. Belgium currently tops the world with the average salary taxed a whopping 42.8%.
The graph also includes an in-depth spotlight on current tax bands for residents and foreigners living in Australia and where the world’s biggest tax havens are situated. (Surprise, surprise; Switzerland gets a mention here.)
Check out the full infographic below: