Interactive - The story of tax

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The story of tax is a short interactive that highlights the direct link between the effectiveness of the tax system and the enrichment of the community.

It can be used as a quick overview of how tax has evolved over time in an Australian context. The interactive includes six pause points with accompanying text.

The story of tax – accessible text transcript.

The story of tax worksheets:

 The story of tax - PDF version

 

  • Fact 11

    The first new tax introduced after Federation was the Bank Notes Tax Act 1910 which introduced an Australian currency. It imposed a 10% tax on bank notes that had been previously issued privately. The new national currency first appeared in December 1910.

Refund

An amount paid back by the ATO to a taxpayer when the taxpayer has paid more tax than they are liable to pay.

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