The Sydney Olympic Games included a team of tax officers who advised visiting athletes of any tax obligations and helped them in reclaiming GST reimbursements for their expenditure during the games.
Ever wondered what proportional, progressive and regressive taxes are? Find out what they are. See how they work.
The example of a proportional tax structure looks at the tax paid by companies on their taxable income. Taxable income is what is left when assessable income has been reduced by all allowable deductions.
|Task A2.1 Types of taxes: company tax|