Business Services Industry
Tax creep catches another 250,000.
Australasian Business Intelligence, August, 2001
Aug 11, 2001 (The Australian
ABIX via COMTEX) -- More Australian workers are paying higher levels of tax in August 2001. Figures from the Australian Taxation Office (ATO) reveal that the number of people in the over-$A50,000 tax bracket has risen from 16 percent in 1998-9 to 19 percent in 2000-1. The figures have led to concern that a series of tax cuts designed to soften the impact of the Goods and Services Tax (GST) upon middle Australia may not have been sufficient.
AUSTRALIAN TAXATION OFFICE
By George Megalogenis
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