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There are 2 ways you can choose to invest responsibly or ethically in a super fund. What are they? Research tells us that the trend in people choosing to invest in ethical or responsible investment options is increasing. Why do you think this is the case? Do you envisage this trend further increasing? Why? What ethical values underline the following activities Australians do not want to support through investment? Animal cruelty…

How do we compare the real impact of a tax system on the human rights of a nation’s people? Your challenge is to find out more about the Better life index and use it to draw conclusions about the relationship between taxation and human rights. Work in pairs to complete the following activities. Part 1: Human rights and the better life index Go to the OECD’s Better life index website. Identify the better life indicators that relate to the…

Part 1: Locating information and assessing its reliability Use the internet to locate a map of freedom in the world.  Find 3 indicators on the website that suggest information on the website is relevant and reliable. Part 2: Comparing levels of ‘freedom’ and tax systems  Use the website on ‘freedom’ to identify the freedom score of countries listed in table 1. Record the freedom scores of each country in table 1. Find the…

Now you’ve learned about the benefits of tax revenue and spending, it’s time to convince others. Your task is to design and publish a slide show of no more than 6 slides that persuades a school audience that citizens benefit from the collection of tax revenue. The argument will draw on comparisons between Australia and one other country. Choose a country with a low better life index. The first slide will contain a title and acknowledgements.…

Part 1: Knowing the facts Sometimes people impersonate the Australian Taxation Office (ATO) with scam phone calls, text messages and emails designed to trick you into paying money or giving out your personal information. The ATO will never: call you saying the police are coming to arrest you or demanding urgent payment of money (this might be a pre-recorded message) ask for payment in iTunes, Google Play or other prepaid cards or…

One of the first things you do when you start a business is decide on how it will be structured. Businesses are set up with differing structures. What are the advantages and disadvantages of each structure? Why does it matter? Explore some of the activities associated with starting up a business. There are different ways to set up a business, each with its benefits and drawbacks. The business structure chosen will determine your: tax…

There are advantages and disadvantages associated with different business structures. Read Business structures – Explainer and complete table 1 to identify the various features of each business structure. Table 1: Comparison of business structures Business Structures Sole trader Partnership Company Trust Is the structure difficult to set up? yes no yes no yes no…

Play the role of the federal Treasurer. People representing organisations and government departments will try and convince you to fund their initiatives in the forthcoming Budget. The following lists some budget categories in the annual federal Budget. From your point of view, which of these is the most important? Rank the seven categories in order of priority. Table 1: Budget spending categories Spending category in the Budget…