Select one country from each continent,and analyse their tax structure.Make a table so that i can...

Select one country from each continent,and analyse their tax structure.Make a table so that i can understand it better.

(I need atleast 1000 words and need the answer in tabular form only)

Expert Solution

Once a resident in France, you are liable to pay taxes in France on your income worldwide. The French social security system is one of the most generous in the world but it’s paid for by high social charges and French taxes.France’s tax system can be tricky to navigate. Between income taxes, social security contributions, and taxes on goods and services, there’s a lot to keep track of! Thankfully, as long as you do your research and seek expert advice when needed, you can avoid most major pitfalls.This guide on taxes in France sets out a basis only, and expert advice should be consulted for your individual tax situation

The tax system in France

There are three main types of personal taxes in France:

French income tax (impôt sur le revenu)
Social security contributions (charges sociales/cotisations sociales)
Tax on goods and services (taxe sur la valeur ajoutée TVA, or VAT, in France)

You will also have to pay occupier’s tax (taxe d’habitation) or French property tax (taxe foncière), and if you’re selling land or property or have assets more than €1.3 million, there may be capital gains tax to consider, too.

PAYE system

As of the beginning of 2019, the Pay-As-You-Earn (PAYE) system is used universally throughout France. Instead of filing an income tax and paying whatever taxes you owe for the prior year, you’ll be taxed right at the source of the income, in monthly payments. Income subject to PAYE also includes retirement income (such as pensions or annuities), relevant overseas income, sick and maternity leave, and rental income.

Australian income tax rates for 2018/2019 and 2019/2020 (residents)

Income thresholds	Rate	Tax payable on this income
$0 – $18,200	0%	Nil
$18,201 – $37,000	19%	19c for each $1 over $18,200
$37,001 – $90,000	32.5%	$3,572 plus 32.5% of amounts over $37,000
$90,001 – $180,000	37%	$20,797 plus 37% of amounts over $90,000
$180,001 and over	45%	$54,096 plus 45% of amounts over $180,000

keosha answered 12 hours ago

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