Tax 101 explores the reasons tax is collected and examines how governments use tax to provide services needed by the community, and the role of the ATO. Choose a topic to investigate or use the breadcrumbs to return to the course overview page.

 

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Tax 101: understanding tax
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Role of the ATO
Task A6.1 Mad minute tax facts
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Learn about the purpose and operations of the ATO.  Test your knowledge about tax and find out if you are a tax expert.

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Wacky facts

  • Fact 15

    Primary industry suffered severely in the 1930s due to drought and the Depression, so the government introduced three new taxes to support farmers: the flour tax, the wool tax and the apple and pear tax.

Glossary

Capital growth

Occurs when the value of an investment or asset increases over time.

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