What is tax and why do we need it?

Step 1 of 6

Take the Pre-test: How much do I know about tax? quiz first to find out how much you already know about tax and then start this lesson to discover some of the underlying issues relating to tax.

  • Fact 4

    The first taxes in Australia were raised to help pay for the completion of Sydney's first gaol and provide for the orphans of the colony. Import taxes were put on spirits, wine and beer.

Partnership

An association of persons who carry on business together.

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