During World War I, many taxpayers felt that it was their patriotic duty to pay more than their assessed tax. Some were not legally obliged to pay tax but did so and others made payments of double, treble or quadruple the assessed amounts.
Running your business
When you go into business, it is important to understand your tax obligations. You may be liable for various Australian, state or territory, and local government taxes depending on the size and location of your business.
Paying taxes is an important community responsibility for a business. Governments use tax revenue to provide the community with services. Infrastructure such as roads, ports, water, power and communication are important for many businesses to operate effectively. Tax provides the major revenue for the development and maintenance of infrastructure.
An extra amount payable by some taxpayers in addition to the Medicare levy. A taxpayer may have to pay the surcharge if they do not have the appropriate level of private hospital cover with a health fund and their Medicare levy surcharge income exceeds the threshold.read more glossary terms