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  • Fact 16

    The monetary cost of World War II was ten times the cost of World War I. Raising revenue via taxation became a vital part of Australia’s war effort.

Withholding declaration

A document that helps an employee notify their employer of a change in their PAYG withholding, for example, an entitlement to a tax offset. A withholding declaration authorises the employer to reduce or increase the amount of tax withheld from payments.

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