The Australian Tax Office
How the ATO Rates The Australia Taxation Office (ATO) is by far the most user friendly of all Federal Government Departments. The probable reason for this is because it relies on everyone to be honest enough to pay them the ATO's fair share of their income. Pay No
More and No Less: ATO's
Functions: (1) to obtain funds to provide Services and Institutions to manage and govern the country: (2) to take surplus money out of the economy to reduce inflation. Surplus money is that part of PAYG Income or Profits which is not being used to create the Wealth of our Nation - the Common Wealth of Australia. NB. For Information on Taxation don't hesitate to check with the Australian Taxation Office Web Site: infoline Ph 13 61 40 |
A third function it does
not have. The ATO does hold seminars, of two to three hours, advising on "Tax Compliance" which is (or should be) manditory for all new Small Business. Consider: "A" just wants to have a good time - wine, women and song - taxed $18K. He is further hit by tax on his beer, cigarettes, fuel, new vehicles, and other commodities and services, thus reducing his capacity to cause inflation. "B", being smarter, prefers helping to create the Wealth of our Nation. He uses an ATO s221D PAYE Variation to minimise his Tax to Create Wealth. He would create employment for his family and increase their income producing assets. (QED) Both are equal though "B" is more equal than "A" when it comes to TaxPlanning. |