- Target:
- NSW and Australian Government
- Region:
- Australia
- Website:
- reducetax.blogspot.com
Australian businesses are slugged with some of the highest Tax rates in the world. Australia has a flat business tax rate of 30% which is much higher than following countries:-
UK - 21% (starting)China- 25%Austria-25%Bulgaria-10%Uzbekistan-12%Slovenia-22%Belarus-24%Spain-25%Russia-20%Slovakia-19%Switzerland-13%Cyprus-10%Croatia-20%Czech Republic-21%Denmark -25%Estonia-21%Finland-26%Greece-22%Hong Kong-16.5%Iceland-18%Hungary 16%South Korea-13%Malaysia-26%Netherlands-25.5%Poland-19%
We should specially be worried about Singapore (18%- to be reduced to 17% next year), Malaysia (26%), China (25%), Hong Kong (16.5%) and Korea a mere 13% (starting tax)
These countries are Australia’s nearest competitor in Asia-Pacific and their reduced tax rates will affect Australian companies especially now that we are in worst recession of all times.
Similarly, Australian Government should learn something from Russia which is getting stronger day by day with a mere 20% tax rate thereby becoming an attractive destination for FDI’s. Why would people invest in Australia or build bigger businesses if close to 1/3rd of their profits are going to government?
Why is that Hong kong doing so well as compared to say a city like Melbourne?
We, the people of Australia, call on all state and Federal Governments to reduce business tax rate from 30% to 20% and cut down all unnecessary taxes that are hampering our progress and increasing unemployment.
Sign this petition and SAVE AUSTRALIA.
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The Reduce Business Taxes in Australia petition to NSW and Australian Government was written by Mark Sharma and is in the category Government at GoPetition.