And what are the big taxes?
8 September 2008
According to the Henry Tax Review, the big taxes (in order of revenue produced and based on 2006/07 figures) are:
- personal income tax
- company tax
- GST
- Fuel excises
- Payroll tax (state)
- Property transfer taxes (state)
- Local government taxes (local government)
- Superannuation funds (ie tax on contributions and earnings)
- Tobacco excises
- Land tax (state)
Personal income tax raised $120b, company tax raised $60b, while GST raised slightly more than $40b. The rest of the taxes raised under $15b each.
Back | Enquiry |