Quick tax test: Business tax

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After you've finished all the topics, take the test on Business tax to see if you're a tax expert.

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  • 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.

Franking credit

A credit paid to shareholders for the tax already paid on a dividend distribution by the company. Franking dividends were formerly called imputation credits.

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