Miscellaneous 1995

Social security contributions: An Australian perspective

Source: Australian Tax Research Foundation

Published Date: 1 Jan 1995

 

Australia stands out amongst the OECD and Asian countries as one with almost no reliance on such security taxes. In some countries, social security taxes razor around half of total tax revenue. The recent introduction of compulsory superannuation schemes operated by the private sector has meant that the scope for a significant role for Social Security levies has been reduced. The paper examines the various ways Social Security le vies could be used to fund different government programs. The study recommend that contributory levies on the considered for the funding of the provision of long-term care in Australia.

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