The Australian’s David Uren has published an interesting report examining the latest OECD data on tax collections, which shows that the share of taxes raised from companies has been in decline since the Global Financial Crisis, but still remains high by developed country standards:
The OECD’s annual review of revenue collection shows company taxes provide 15.3 per cent of the government’s revenue, down from the pre-crisis peak of 22.9 per cent in 2007, when the resources boom was delivering the Howard government big budget surpluses and paying for personal income tax cuts…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
