Australia
| Category | Rank | Score |
|---|---|---|
| Overall Rank | 9 | 71.29 |
| Corporate Taxes | 29 | 48.82 |
| Individual Taxes | 17 | 63.31 |
| Consumption Taxes | 7 | 82.38 |
| Property Taxes | 4 | 80.19 |
| Crossborder Taxes | 24 | 72.31 |
Australia ranks 9th overall on the 2021 International Tax Competitiveness Index, the same as in 2020.
Strengths
- Property taxes in Australia are assessed on the value of the land rather than real estate or other improvements to land.
- Australia's corporate and individual taxes have an integrated treatment of dividends, alleviating the burden of double taxation on distributed earnings.
- Australia ranks well on consumption taxes due to its low goods and services tax (GST) rate but applies it to a relatively narrow base.
Weaknesses
- Australia's treaty network consists of just 45 countries, when the average among OECD countries is 75.
- The corporate tax rate in Australia is 30 percent, above the OECD average (22.9 percent).
- Corporations are limited in their ability to write off investments.
Learn more about the tax system in Australia