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Australia’s Tax and Benefit System Might Deter Working Parents from Advancing in Their Careers

Imagine that a government provides subsidies to single parents that actually increase tax rates on additional work. This is the case for an Australian single parent who earns less than the average wage. With an increase in pay of just AUD 983 more, he would face a 652 percent marginal tax rate. Therefore, despite the […]

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Tax Policy Lessons from Down Under

This week the Australian government released its latest budget proposal and two policies that stand out in its fiscal response to the pandemic should be helpful as the economic engine of the country turns back on. The first is full expensing for some investments and the second is the introduction of a loss carryback provision. […]

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Tax Incentives for Digital Nomads and Remote Workers

Some of Spain’s most popular Youtubers were already residing in Andorra when Ruben Doblas’s public announcement that he plans to move his residency to Andorra triggered Spain’s tax agency to announce new tax avoidance measures to track individuals who plan to change their residency for tax purposes. Andorra’s tax system is still appealing to EU […]

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Sources of Government Revenue in the OECD

Table of Contents Key Findings In 2019, OECD countries raised on average one-third of their tax revenue through consumption taxes such as the Value-added Tax (VAT), making consumption taxes the most important revenue source. Social insurance taxes and individual income taxes were the second and third most important sources of tax revenue in the OECD, […]

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Revenue Gains in Asian and Pacific Countries Likely Offset by COVID-19

The Organisation for Economic Co-operation and Development (OECD) recently published a report on tax revenue statistics in selected Asian and Pacific countries, covering 21 tax jurisdictions. The report provides tax revenue data from 1990 to 2018 and includes a section on nontax revenue data for selected Asian and Pacific economies. Additionally, a special feature co-authored by the […]