47% taxes above A$180k/yr (US$125k/yr). Very little loopholes like in the US that allow you to reduce your tax paid.
So considerably less monetary incentive to 'make it big'. For entrepreneurs who want to do that, why not move to the USA and come back to Australia when you want to settle down and have a family?
So considerably less monetary incentive to 'make it big'. For entrepreneurs who want to do that, why not move to the USA and come back to Australia when you want to settle down and have a family?