In 1936, at the request of the Australian Wool Growers Council, a wool tax was imposed to help the production of wool and to extend the use of wool throughout the world. It was levied at 6d (about 5c) per bale on all sales of shorn wool produced in Australia.
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Fact 10
Proportional tax
A tax where the tax rate is constant. GST and company tax are proportional taxes.
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