Explaining business taxes

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Business taxes

A business has obligations for a number of other taxes including requirements to withhold tax for employees (PAYG withholding).

  • 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.

Regressive tax

A tax charged at a set dollar amount, regardless of the value of the transaction. The passenger movement charge (also called departure tax) on passengers at airports is a regressive tax.

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