Aug 9, 2026 – 3.37pmOnly one developed country imposes a higher corporate tax rate than Australia, new OECD figures show, fuelling warnings Australia’s company tax settings are deterring foreign investors and weighing on living standards.The OECD’s annual corporate tax report showed Australian companies paid an effective average tax rate of 28.5 per cent on their income last year, higher than the OECD average of 22 per cent, and beaten only by Colombia, where companies faced an effective rate of 32.9 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Just one OECD country taxes companies more than Australia
The OECD’s annual corporate tax report shows Australia is more reliant on company tax than almost every other country in the 38-member bloc.
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