Three times the tax 'revenue' is lost due to individuals evading paying tax than multinationals avoiding paying tax.
Less than half of Australians are net tax payers.
0.5% of Australians have income of $500k or above but pay 50%+ of the income tax.
(Approximately).
What is fair to some people is unfair to others.
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- How would you improve the Australian tax system?
How would you improve the Australian tax system?, page-52
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