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Do you realize that the current tax-exempt edge for occupant individuals in Australia is around $18,200, and the greatest minor rate for people is 45%? Most Australians are accountable to pay the Medicare levy, which is usually 2% of taxable income. If you desire to know more about Australian Taxation laws and facts, LAW3131 is the course for you!
The University of Southern Queensland offers LAW3131 Revenue Law and Practice. This course provides students with an opportunity to learn about advanced taxation law topics. LAW3130 is a prerequisite for LAW3131. By studying both the courses, a student satisfies the requirements of a course in taxation law’, which is essential for getting admission to the Tax Practitioners Board of Australia.
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The course offered by the University of Southern Queensland teaches you to:
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Australia’s federal taxes are as old as the Federation. Customs and excises were given over to the federal government by the colonies-turned-States in 1901, while a federal estate tax, land tax and the first income tax were enacted in quick succession between 1910 and 1915. Other taxes, including sales tax, payroll tax, Fringe Benefits Tax (“FBT”), Petroleum Resource Rent Tax (“PRRT”) and the Goods and Services Tax (“GST”) were enacted during the 20th century (Davies & Stewart, 2021).
Source: Davies, R., & Stewart, M. (2021). The Gatekeeper Court: For the Revenue or for the Taxpayer?. Retrieved 26 November 2021, from http://dx.doi.org/10.2139/ssrn.3414811.
To improve the basic and reliable signposts of improving Australian tax administration, some basic principles are widely used such as certainty, simplicity and neutrality, equity, efficiency, etc. most of the time students use these criteria in various law reform reports. You can avail LAW3131 Revenue Law and Practice academic assistance to get a better understanding of the rules and principles of Australian tax law.
The basic principles of equity, efficiency, certainty, simplicity, and neutrality are considered to provide reliable and basic signposts for improving tax administration. Students see these criteria utilised in various law reform reports as measures of the effectiveness of a particular tax measure.
Here, we have attached a LAW3131 Revenue Law and Practice assignment sample online file for your reference. It gives you an insight into the kinds of questions our experts help with.
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