Australia’s only armed rebellion, at Eureka in October 1854, was over the high cost of a goldmining licence. If a miner did not have a licence on them, they were arrested and the arresting policeman received half the fine.
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|