Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORESome of Australia’s highest earners pay no tax, and it costs them a fortune
For 55 millionaires, the 2018-19 financial year was very good. Not only did they earn more than $1m, they paid no net tax. They achieved this through a range of methods, mostly big donations and also by spending a vast amount on accountants and tax lawyers to manage their tax affairs.
In 2018-19 there were 15,385 people who had a total income of over $1m – just a bit over 0.1% of the 14.68m people who earned an income that year, and up from 14,909 the year before.
Read more in The Guardian
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