In 1705, Emperor Peter I of Russia instituted a beard tax. Those who paid the tax were required to carry a 'beard token'. This was a copper or silver token inscribed with 'the tax has been taken' and 'the beard is a superfluous burden'.
- Goods and services tax (GST) search for term
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A tax of 10% on the supply of most goods and services consumed in Australia.
- Gross salary search for term
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The amount of money earned by an employee before any deductions are taken into account.
- Growth phase search for term
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A superannuation investment prior to the time when an individual can withdraw funds.
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Fact 1
Proportional tax
A tax where the tax rate is constant. GST and company tax are proportional taxes.
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