Australian Tax Revenue

from: Components of Australian Government revenue

Which also said:

“ Australian Government revenue by its major components. Personal income tax (income tax withholding) is, by a margin, the largest component of Australian Government revenue, accounting for around 47.2 per cent of total Government revenue in 2019–20. Company tax is the second largest component, accounting for around 18.1 per cent of total revenue, followed by goods and services tax (13.4 per cent), excise and customs duty (8.8 per cent) and non-tax revenue (8.0 per cent)”

In reality individual tax revenue is at least 73.8% of taxation revenue.

Because of income tax credits, which are not claimable by individuals, companies do not pay GST. Excise and customs duty if initial paid by companies get passed on to individuals in the good and services they sell to individuals.

The 73.8% figure above is calculated as total revenue 100% less company 18.1% less non-tax revenue 8.0%

From:

At a glance

“Much of the burden of Australia’s high company tax rate is expected to fall on Australian workers. This is because, over time, the amount of capital investment in Australia (for example, the construction of buildings and purchase of equipment for production) is affected by the company tax rate. Lower amounts of capital investment in the Australian economy will reduce the output or productivity of workers and, in turn, reduce the real wages of employees.”

??? Need a definition of Productivity

??? this assumes a world economy. Overseas and Australian Investors not invest in Australia because of corporate tax rate??? What if Australian workers provided the capital. They have it in ther super funds.

If the traditional owners of capital use the capital to invest in automation does that not mean a reduction in wages. All other things being equal????

How does reduced output or productivity of workers reduce the real wages of employees????