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A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The first known taxation took place in Ancient Egypt around 3000–2800 BC.
Most countries have a tax system in place to pay for public, common, or agreed national needs and government functions. Some levy a flat percentage rate of taxation on personal annual income, but most scale taxes based on annual income amounts. Most countries charge a tax on an individual's income as well as on corporate income. Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, payroll taxes or tariffs.
In economic terms, taxation transfers wealth from households or businesses to the government. This has effects which can both increase and reduce economic growth and economic welfare. Consequently, taxation is a highly debated topic.

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    VIC ATO Tax Return Refund Fraud - Who can Help?

    Someone open my letter from my tax agent and changed my bank account number with his/her bank account number to get my ATO tax return refund. Whom shall I inform?
  2. M

    QLD Tax Agent Cost Me More than $30,000 in ATO Fines?

    Hi, in January this year I received a letter from the ATO advising me that I had until 20 February to submit tax for the years ending 2011/2012/2013, so I engaged a tax firm and gave them all of my stats relevant for those years. I tried to contact him on at least a dozen occasions...