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READ MOREFlat income tax rate will limit people ’gaming the system’: researcher
Eliminating the second highest tax bracket would help "wipe out bunching" and reduce endemic levels of legal tax avoidance, one of Australia’s leading tax experts says, in comments that are likely to be seized on by the Turnbull government to help push their $144 billion income tax package through a resistant Parliament.
An analysis of 160 million Australian tax records between 1999 and 2014 has found six times the expected number of taxpayers hovering just below the 37 per cent tax bracket.
Read the full article at the Sydney Morning Herald.
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