Tuesday 1 February 2011

Aussie Flood Tax

Australian's earning more than 50,000 Aus Dollars face a new flood tax aimed at helping to pay for the recent devastation.
The new tax will charge an extra 0.5% on those earning A$50,000-A$100,000 and 1% more on those earning more than A$100,000.

It is expected to raise about A$1.8bn.

See:

http://www.bbc.co.uk/news/world-asia-pacific-12294834?goback=%252Egmp_2301341%252Egde_2301341_member_41678322