Showing posts with label oecd. Show all posts
Showing posts with label oecd. Show all posts
New Tax Rules Make Multinationals Pay
Governments are clamping down on Tech businesses who avoid paying their dues. ⦿ New convention treaty beps Tax countries treaties country Rules international australia multilateral Make company global sign Multinationals including g20 signed Pay business bilateral reform profits New leading states united Tax ⦿
⦿ amend prevent rule Rules project base future Make architecture legal time Multinationals laws companies google longer Pay multilateralism china foreign New information cooperation financial Tax chair current australia’s Rules measures arbitration taxpayer Make governments years resolve Multinationals inserts presence avoidance Pay national anti-abuse significant New signing network havens Tax actions shifting profit Rules erosion multinational result Make loopholes close Multinationals do Pay ⦿
∎ close loopholes result multinational erosion profit shifting actions havens network signing significant anti-abuse national avoidance presence inserts resolve years governments taxpayer arbitration measures australia’s current chair financial cooperation information foreign china multilateralism longer google companies laws time legal architecture future base project rule prevent amend united states leading profits reform bilateral business signed g20 including sign global company multilateral australia international country treaties countries beps treaty convention ∎ || governing, nations, law, legally, legislation, oecd, clamp, down, vote, block,
Is Australia More Equal Than Other Countries
SOCIOLOGY
Class in sociology is based in income - low, middle and high income earners, plus wealth. This is in conflict with assumed class by the ordinary person who believes that class is based on status. In England, for example, one's position in society can be inherited. An English earl will remain high class even though he has little income and lets the paying public into his home to pay for its upkeep. Anyway, let's get back to the issue, "at large", which is how income and wealth inequality has changed in Australia.
Egalitarianism is an Aussie "thing". There is a strong belief that all Australians are equal, in daily interactions at least. An Australian can have a drink with the CEO of the business where he works. In England this is unthinkable. It simply will not happen because the boss will not allow the lowly employee into his/her circle.
In the 1950s income in Australia was relatively level. It was far more equal than in other Western countries. It even got more equal until the late 1970s. There has been a widening gap in income since then. The Gini coefficient which measures income differential rose from 0.27 per cent in the early 1980s to 0.34 in 2011 (when one household has all the income the coefficient is 1.0).
Wealth inequality has, unfortunately, not been tracked over time. This is an unfathomable situation. After all, this should be a thing of great interest for sociologists. We do know the present state though. The wealthiest 20 per cent have A$2.2 million dollars in assets. The poorest 20 per cent have an average of $31,000. Of course, some people do not have any real assets at all.
How does Australian stand in regard to other nations? Of the 34 OECD countries, Australia is number 23 on the measure of income equality. On wealth Australia does much better. The Credit Suisse Global Wealth Report puts Australia as the second most equal country of 34 "advanced" nations, after Japan.
Class in sociology is based in income - low, middle and high income earners, plus wealth. This is in conflict with assumed class by the ordinary person who believes that class is based on status. In England, for example, one's position in society can be inherited. An English earl will remain high class even though he has little income and lets the paying public into his home to pay for its upkeep. Anyway, let's get back to the issue, "at large", which is how income and wealth inequality has changed in Australia.
In the 1950s income in Australia was relatively level. It was far more equal than in other Western countries. It even got more equal until the late 1970s. There has been a widening gap in income since then. The Gini coefficient which measures income differential rose from 0.27 per cent in the early 1980s to 0.34 in 2011 (when one household has all the income the coefficient is 1.0).
Wealth inequality has, unfortunately, not been tracked over time. This is an unfathomable situation. After all, this should be a thing of great interest for sociologists. We do know the present state though. The wealthiest 20 per cent have A$2.2 million dollars in assets. The poorest 20 per cent have an average of $31,000. Of course, some people do not have any real assets at all.
How does Australian stand in regard to other nations? Of the 34 OECD countries, Australia is number 23 on the measure of income equality. On wealth Australia does much better. The Credit Suisse Global Wealth Report puts Australia as the second most equal country of 34 "advanced" nations, after Japan.
◆ Sociology by Ty Buchanan ◆
Australian Blog
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AUSSIES ARE ALL THE SAME
#equalty #australia #australian #belief #culture #sociology #assumed
AUSSIES ARE ALL THE SAME
#equalty #australia #australian #belief #culture #sociology #assumed
sociology income inequality equality wealth australia 1950s 1970s 1980s gini coefficient articles news politics economics society anthropology historiography history sociology people nations country asia europe africa u.s. south america central Mediterranean eastern western interesting funny technology free news sex
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