History of tax in Australia

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Taxes have changed and evolved over time.  Discover the changes made in the Australian tax system and explore the reasons taxes change.

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  • Fact 22

    The changeover to decimal currency in 1966 created a massive amount of work for the ATO. In NSW alone, staff manually converted 200,000 accounts worth $450 million.

Profit and loss statement / statement of financial performance

A periodic statement showing the revenue, expenses and net profit or loss of a business or other entity.

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