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Taxation In Australia
Income taxes are the most significant form of taxation in Australia, and collected by the federal government through the Australian Taxation Office (ATO). Australian GST revenue is collected by the Federal government, and then paid to the states under a distribution formula determined by the Commonwealth Grants Commission. Australians pay tax for the provision of healthcare, education, defense, roads and railways and for payments to welfare, disaster relief and pensions. Definition The "classic definition" of a tax used by the High Court derived from '' Matthews v Chicory Marketing Board (Vic)'' (1938), where Chief Justice John Latham stated that a tax was "a compulsory exaction of money by a public authority for public purposes, enforceable by law, and is not a payment for services rendered". In a series of judgments under the Mason court – including ''Air Caledonie International v Commonwealth'' (1988), '' Northern Suburbs General Cemetery Reserve Trust v Commonwea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Taxes
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdictio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Caledonie International V Commonwealth
''Air Caledonie International v Commonwealth'', is a High Court of Australia case that provides guidance as to the constitutional definition of a tax. Facts The Commonwealth passed an amendment modifying the ''Migration Act 1958''. The amendment imposed a fee on all persons entering Australia for immigration clearance. The implementation of such a scheme meant that airline operators would have to make payments to the Commonwealth government. Decision The High Court unanimously held that the fee for migration clearance was a tax. If section 55 of the Australian Constitution (which requires that legislation imposing tax deals only with imposing tax) is read literally, the effect of this decision would have invalidated the rest of the ''Migration Act''. The Court was thus careful to invalidate only the Amending Act. The migration clearance fee was a tax because it has all the positive attributes of a tax. It was: * compulsory; * exacted by a public authority for public purposes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Income Tax
In addition to Federal government of the United States, federal Income tax in the United States, income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often based on state income tax calculations. Forty-one United States state, states, the Washington, D.C., District of Columbia, and many localities in the United States impose an income tax on individuals. Nine states impose no state income tax. Forty-seven states and many localities impose a tax on the income of corporations. State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. States are prohibited from taxing income from federal bonds or other federal obligations. Most states do not tax Social Security b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First World War
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax In Australia
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (such as mandatory pension contributions), and is widely used as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Busby
James Busby (7 February 1802 – 15 July 1871) was the British Resident in New Zealand from 1833 to 1840. He was involved in drafting the 1835 Declaration of the Independence of New Zealand and the 1840 Treaty of Waitangi. As British Resident, he acted as New Zealand's first jurist and the "originator of law in Aotearoa", to whom New Zealand "owes almost all of its underlying jurisprudence". Jamieson, Nigel (1986), "The Charismatic Renewal of Law in Aotearoa", ''New Zealand Law Journal'', July 1986, pp. 250–255 Busby is regarded as the father of the Australian wine industry, as he brought the first collection of vine stock from Spain and France to Australia.J. Robinson (ed.) ''The Oxford Companion to Wine''. 3rd edition. p. 116. Oxford University Press, 2006 Life He was born in Edinburgh, Scotland, the son of English engineer John Busby and mother Sarah Kennedy. His parents and he emigrated from Britain to Sydney, New South Wales, in 1824. Busby received a Grant of L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Huskisson
William Huskisson (11 March 177015 September 1830) was a British statesman, financier, and Member of Parliament for several constituencies, including Liverpool. He is commonly known as the world's first widely reported railway passenger casualty as he was run over and fatally injured by Robert Stephenson's pioneering locomotive ''Rocket'' (however, the first railway casualty had happened 9 years earlier). Background and education Huskisson was born at Birtsmorton Court, Malvern, Worcestershire, the son of William and Elizabeth Huskisson, both members of Staffordshire families. He was one of four brothers. After their mother Elizabeth died, their father William eventually remarried and had further children by his second wife. Early life Huskisson was a student at Appleby Grammar School (later renamed Sir John Moore Church of England Primary School), a boarding school designed by Sir Christopher Wren on the Leicestershire/Derbyshire borders. In 1783, he was sent to Paris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For War And The Colonies
The Secretary of State for War and the Colonies was a British cabinet-level position responsible for the army and the British colonies (other than India). The Secretary was supported by an Under-Secretary of State for War and the Colonies. History The Department was created in 1801. In 1854 it was split into the separate offices of Secretary of State for War and Secretary of State for the Colonies The secretary of state for the colonies or colonial secretary was the Cabinet of the United Kingdom's government minister, minister in charge of managing certain parts of the British Empire. The colonial secretary never had responsibility for t .... List of secretaries of state (1801–1854) ;Notes: UK History of the Foreign and Commonwealth Office References {{DEFAULTSORT:Secretary Of State For War And The Colonies War and the Colonies 1801 establishments in the United Kingdom 1854 disestablishments in the United Kingdom Defunct ministerial offices in the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralph Darling
General Sir Ralph Darling, GCH (1772 – 2 April 1858) was a British Army officer who served as Governor of New South Wales from 1825 to 1831. His period of governorship was unpopular, with Darling being broadly regarded as a tyrant. He introduced austere policies that resulted in croneyism, prisoner abuse, curtailment of press freedoms, discrimination against emancipists, obstruction of representative government, theatrical entertainment bans and injustices toward Indigenous Australians. During his time as Governor, a significant area of eastern Australia was explored by the British with local geographical features being named after him including the Darling River and the Darling Downs, along with Darling Harbour in Sydney. Early life Born in Ireland around 1772, Ralph Darling was the eldest son of Christopher Darling, an English sergeant, and later military adjutant, in the 45th Regiment of Foot of the British Army. While his father was away on service during the Amer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federalism In Australia
Federalism was adopted, as a constitutional principle, in Australia on 1 January 1901 – the date upon which the six self-governing Australian Colonies of New South Wales, Queensland, South Australia, Tasmania, Victoria (Australia), Victoria, and Western Australia federated, formally constituting the Commonwealth of Australia. It remains a federation of those six original States under the Constitution of Australia. Australia is the sixth oldest surviving federation in the world after the United States (1789), Mexico (1824), Switzerland (1848), Canada (1867), and Brazil (1891). Relatively few changes have been made in terms of the formal (written) constitution since Australian federation occurred; in practice, however, the way the federal system functions has changed enormously. The most significant respect in which it has changed is in the degree to which the Government of Australia, Commonwealth government has assumed a position of dominance. History Federation Instigated by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New South Wales
New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South Australia to the west. Its coast borders the Coral Sea, Coral and Tasman Seas to the east. The Australian Capital Territory and Jervis Bay Territory are Enclave and exclave, enclaves within the state. New South Wales' state capital is Sydney, which is also Australia's most populous city. , the population of New South Wales was over 8.3 million, making it Australia's most populous state. Almost two-thirds of the state's population, 5.3 million, live in the Greater Sydney area. The Colony of New South Wales was founded as a British penal colony in 1788. It originally comprised more than half of the Australian mainland with its Western Australia border, western boundary set at 129th meridian east in 1825. The colony then also includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arthur Phillip
Arthur Phillip (11 October 1738 – 31 August 1814) was a British Royal Navy officer who served as the first Governor of New South Wales, governor of the Colony of New South Wales. Phillip was educated at Royal Hospital School, Greenwich Hospital School from June 1751 until December 1753. He then became an apprentice on the whaling ship ''Fortune''. With the outbreak of the Seven Years' War against France, Phillip enlisted in the Royal Navy as captain's servant to Michael Everitt aboard . With Everitt, Phillip also served on and . Phillip was promoted to lieutenant on 7 June 1761, before being put on half-pay at the end of hostilities on 25 April 1763. Secondment, Seconded to the Portuguese Navy in 1774, he served in the Spanish–Portuguese War (1776–1777), war against Spain. Returning to Royal Navy service in 1778, in 1782 Phillip, in command of , was to capture Spanish colonies in South America, but an armistice was concluded before he reached his destination. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
