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South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country. The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United ...
Historically Queensland has been viewed as the lowest-taxing state. Queensland has slid to third place behind Victoria and Western Australia in a comparison of taxation competitiveness between other states and territories. [43] A measure of tax per capita from 2002 to 2007 has seen the figure rise 70%, from $1,321 up to $2,226, per person. [44]
Mauritius. Basel-City, Switzerland, 1870-1883 - Revenue stamps of Basel; Canada, 1864-1868 - Revenue stamps of Canada; Hong Kong, 1907-1972 - Revenue stamps of Hong Kong; Italian East Africa, 1946
Anwar said the government will introduce a 5%-10% tax on luxury goods such as jewelry and watches, as well as a 10% capital gains tax next year to expand its revenue base. Tourists will be exempt ...
South Korea has an aggregate land tax that is levied annually based on an individual's landholding value across the whole country. Speculative and residential land has a progressive tax rate of 0.2–5%, commercial and building sites 0.3–2%, farm and forest lands 0.1% and luxury properties 5%. [100]
In the late 1980s the MFN [clarification needed] tariff rate on this item had been 45% and by 2000 it had been reduced to 15%. Then it was reduced to 10% in 2005 and to 5% in 2010. This is the current rate (apart from the tax on luxury cars). As the level of protection was reduced the number of companies assembling vehicles steadily declined.
Direct tax Income tax Companies Individual Petroleum Withholding Co-operatives Others Other direct taxes Stamp duty Real property gains tax Others: 125,566 116,558 74,381 30,266 9,331 2,473 84 23 9,008 6,766 2,163 79: 55.6% 51.6% 33.0% 13.4% 4.1% 1.1% 0.0% 0.0% 4.0% 3.0% 1.0% 0.0%: Indirect tax Goods and services tax Local goods and services ...