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 3

    'Taxes, after all, are dues that we pay for the privileges of membership in an organised society'. Franklin D Roosevelt

Allowable deduction

An expense incurred in the course of earning income that can be used to reduce assessable income. Allowable deductions are sometimes simply referred to as deductions.

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