Working and paying tax

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What do you need to know when you enter the workforce to ensure that you are paying the correct amount of tax?

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  • Fact 6

    'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.

Dividend

A share of a company's distribution paid to a shareholder.

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