Tax 231 Written Assessment Worth 15% Due Week 9 (Monday 5 pm) Henry told us in his guide to the Institutional Framework of Taxation in Australia that the Australian Taxation System is one of the most complex in the world and is made up of approximately 125 taxes including taxes such as Income Tax, Capital Gains Tax, Fringe Benefits Tax and Goods and Services Tax just to name a few. He also mentioned that there are many different organisations that play different and varied roles within this system to ensure its integrity and all Australians are equally treated with equity. The Australian Taxation System is embedded in the way of life for all Australian taxpayers, we pay tax on our income, we pay tax when we purchase goods and use services, we pay tax when we sell assets and this is just to name a few. It is important that you as a future tax professional understand how this system impacts on yourself and those around you and this can be seen from paying attention to media reports. You are required from week 1 to week 8 to review Australian newspapers such as the West Australian, Financial Review, The Australian, Sunday Times and various others for articles on Australian Tax. Please cut them out as they will need to be handed in with your assignment. If you do not have access to Australian Newspapers for examples you are an overseas student or have financial issues then you may use the Factiva Database within the Curtin Library. A factsheet on how to use this database in attached. After spending 8 weeks reading newspapers on the Australian Taxation System, you should have started to develop your own view of the system and how the system is used for different purposes. For example many consider that it is used as a political tool by governments and other political parties, that it is far too complex and the average Australian does not fully understand their taxation obligations, that the organisations that are responsible for administrating the system are…