Roydon Snelgar

PAYROLL TAXES (1941)

28 June 2017

The federal government introduced payroll tax in 1941 at 2.5% of wages to finance a national scheme for child endowment. In 1971, the federal government handed over payroll taxes to the states and they promptly increased the rate to 5%.  Tax competition between states and lobbying by individual employers and employer groups for exemptions has…

Curacao

23 June 2017

Capital city:               Willemstad     Currency:                   Netherlands Antillean guilder (ANG)        Population:               158,986   Language:                  Dutch, Papiamentu & English   GDP  …

Belgium

16 June 2017

Capital city:               Brussels     Currency:                   Euro (€) (EUR) Population:               11.25 million   Language:                 Dutch, French & German   GDP        …

Taxation and Federation (1901)

14 June 2017

At Federation in 1901, the Australian Constitution granted the Commonwealth a monopoly of customs duties and excises and the power to levy other taxes concurrently with the States. One of the significant results of Federation was the removal of all duties on goods traded between Australian states.  By Federation, many of the colonies had introduced…

Liberia

9 June 2017

Capital city:               Monrovia    Currency:                   Liberian dollara (LRD)        Population:               4.7 million   Language:                 English   GDP          …

First State Income Tax (1880)

7 June 2017

  Tasmania was the first state to introduce an income tax in 1880 to raise revenue due to a fiscal crisis. The tax took the form of a withholding tax on distributed income of companies. In 1884, a general tax on income was introduced in South Australia, and in 1895 income tax was introduced in…

"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2