Employment Tax comparison.

Employment Tax comparison Australia, USA and UK.

The following employment income deduction percentages include the Income Tax and combined employee/employer Social Security contributions.

Tax Wedge in 2021.

  • 2021: 27.1% Australia
  • 2021: 28.4% USA
  • 2021: 31.3% UK
  • 2021: 34.6% OECD average.

Tax Wedge in 2000.

  • 2000: 31.0% Australia
  • 2000: 30.8% USA
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Unpaid Wages: Luke’s Bakery, Reservoir, Melbourne

Legal action against Luke’s Bakery in Melbourne.

The Fair Work Ombudsman has commenced legal action against the former operators of a Vietnamese bakery in Melbourne.

Facing court are VUF Investments Pty Ltd, which formerly operated ‘Luke’s Bakery’ in Reservoir, and its sole director, Hoang Long Vu.

The regulator began an … Read the rest

Unpaid Wages: HCM Café Fresh Q Lunch.

Legal action against take-away food outlet in Melbourne.

29 September 2022.

The Fair Work Ombudsman has commenced legal action against the operators of a take-away food outlet in Melbourne.

Facing court are The Carers Portland Inc, which operates ‘HCM Café Fresh Q Lunch’ based at Dandenong South, and its secretary, … Read the rest

Median Incomes from the Australian Census

The results are in for the 2021 Australian census, and I find the figures for Median Weekly Incomes to be interesting.

The figures are released for three groups, and cover everyone in Australia:

  • Personal Income, with a figure of $805 per week, up by 21.6% from $662 in 2016. (This
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Medicare Levy Surcharge

Medicare Levy Surcharge in Australia.

The Medicare levy surcharge (MLS) was introduced to encourage individuals to take out private hospital cover and reduce demand on the public Medicare system. This should free up Public Medical facilities and reduce waiting times.

The Medicare levy surcharge is in addition to the Medicare … Read the rest

Annualised Wage Growth in Australia

How Wage Growth Compares over years.

The following chart, from the Australian Bureau of Statistics, shows each quarters annualised wage growth percentages.

The latest figures of 2.4%, released for the year ended March 2022, is the equal highest, in the years covered, with the December 2018 year which was also … Read the rest