Search results

Thanks for the information, Tillie. Swedish VAT has exemptions also for food, entertainment admission fees and domestic travel concessions of 6%. I get the impression that the 'poor' pay more tax in Sweden as their nil tax applies only for income less than $4k AUD! Also, the rich and the...

From the available online information, Sweden as a country is competitive in the tax environment. The corporations tax is 22% compared with Australia's 30%. The personal tax rate is higher than in Australia. The individual shoulders a lot of tax to support local government, giving leeway for...

I used to think this too until I read that the highest combination of local and national tax is about 50% (2013), not 80%. The national tax is nil up to a threshold about $80k AUD! Most Swedes would have paid the local tax (28.89%), if there is no nil threshold, and not the national tax. This...

Knowledge is important, but the right attitude and application of the knowledge separates the successful from the wannabees. A nugget of wisdom came from Kerry Packer: "That's why in 1991, across the lounge rooms of Australia, we rose as one and cheered when Kerry Packer served it up to the...