Australia’s growth and prosperity after World War II meant that, in 1959, the ATO collected £823.37 million in revenue - more than double the amount collected in 1949.
Ever wondered what proportional, progressive and regressive taxes are? Find out what they are. See how they work.
The example of a regressive structure looks at motor vehicle registration. A regressive tax is a tax where the same amount is paid, regardless of the level of income.
|Task A2.1 Types of taxes: regressive tax|