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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.
A land value tax (LVT) is a levy on ... In Victoria, the land tax threshold is $50,000 on the total value of all Victorian property owned by a person on 31 December ...
In the mid-1990s, while Prosper Australia was known as Tax Reform Australia, the domain name "taxreform.org.au" was claimed by an unrelated organisation called "Tax Reform Ltd.", which advocated a cascading turnover tax to replace all other taxes.
The Land Tax Act 1910 (Cth) [1] and the related Land Tax Assessment Act 1910 (Cth) were Acts of the Parliament of Australia which imposed a progressive land tax on the unimproved value of land. They were enacted in November 1910 by the Fisher Labour Government intent on breaking up a number of very large holdings of underutilised, arable land ...
Payroll tax is a general purpose tax assessed on the wages paid by an employer in Western Australia. The tax is self-assessed in that the employer calculates the liability and then pays the appropriate amount to the Office of State Revenue, by way of a monthly, quarterly or annual return. From 1 July 2014: [32] The rate of payroll tax is 5.5%.
The annual property tax is usually a percentage of the taxable assessed value of the property. The taxable assessed value is commonly determined by the assessment service provider of the municipality. The annual property tax rate for any province contains at least two elements: the municipal rate and the education rate.
He returned to Victoria in 1859 and was elected to the Council again in 1862, representing North Western Province. [2] Following the introduction of a land tax in 1877, which applied to land over a certain size and value, Campbell divided up his properties between the members of his family so as to escape paying the tax. [2]
The Treasurer of Victoria is the title held by the Cabinet Minister who is responsible for the financial management of the budget sector in the Australian state of Victoria. This primarily includes: [ 1 ]