In addition to being the southernmost continent, it is also considered a country and has about 26 million people. It has a stable capitalist economy and is one of the countries with the highest quality of life globally. Services make up about 70% of its GDP.
Due to its stable economic system and low unemployment rate, Australia is considered a country with low political debt and controlled inflation, making it almost resilient to global financial crises.
Contrary to popular belief, it isn’t Sydney or Melbourne that are the capitals of Australia, but it is Canberra on the east coast of Australia. A city was founded after an argument that could not be resolved. Therefore, a compromise was made, and Canberra’s city was built, which is still the capital of Australia. In Australia, the monarchy is legal and subordinate to the British Kingdom, which means Queen Elizabeth is the official head of state, and the incumbent governor represents her.
The corporate tax rate is between 28% and 30% in Australia, and the tax year runs from July to July. Foreign residents in Australia are also required to pay tax if they earn over $ 18,000. Initially, such corporation taxes are perceived as high. However, Australia is still considered one of the world’s best countries for its residents due to the high tax rate, which is regarded as government. Still, the advantages outweigh. The state treats all its citizens as equals, regardless of how much money you put into your bank account at the end of the year. There is a sense of equality in the state that fosters a sense of trust between its residents and the state.
Despite the state’s requirements from the residents, like a high tax rate, the residents receive a lot in return – a world-renowned public health system, public facilities, education and public transportation all of the highest quality. This type of trust and equality does not just lead to equality on paper, but it also fosters equality in the culture itself. Every profession is respected by its owner, and a minimum wage will provide a good and fair life for the residents.
Suppose you have an education, profession, or money to invest in the country. It has a relatively good economy and is considered easy to immigrate to. In that case, you can acquire a temporary or permanent visa and, after several years, become a permanent resident as well.