I am sure there is some double dipping, especially with State and Federal taxes!
2006-07-26 21:29:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Australia
when you own a certain company and give out dividends to the shareholders. you get taxed twice: the corporate tax, and then your dividends.
2006-07-26 22:31:54 · answer #1 · answered by J 4 · 0⤊ 0⤋
Firstly, there used to be a lot more double dipping because the states had more taxes going, but with the introduction of new ruels and agreements, the federal government now has greater power and they aim not to double dip.
Generally there is double-taxing when GST comes into play because when you buy something you have already paid income tax on your money in most cases and you pay more tax again on the goods and services that you buy.
2006-07-29 01:09:25 · answer #2 · answered by chicgirl639 3 · 0⤊ 0⤋
Income tax, GST, fuel tax...the list is endless.
As soon as you use taxed income for a purchase you are taxed again.
Even your saving are not exempt. They'll getcha $$ any way they can.
2006-07-27 04:33:31 · answer #3 · answered by cbikego 5 · 0⤊ 0⤋