Australia’s tax system fuels wealth inequality, SBS News report finds

Posted on August 27, 2024 by Vaseline

Australia’s tax system fuels wealth inequality, report finds

Published August 27, 2024, 09:36 AM

A new report has revealed a growing divide between Australia’s haves and have-nots. Anglicare says the top 20% of households in Australia based on wealth held about 90% of the country’s private wealth in 2019/20, posing a challenge for policymakers seeking to tackle household inequality.

Australia’s tax system fuels wealth inequality, report finds

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