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Please give detailed answers to the questions below: 1. What is the source of the Australian Commonwealth Parliament's power to impose taxation? (4 marks) 2.

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Please give detailed answers to the questions below: 1. What is the source of the Australian Commonwealth Parliament's power to impose taxation? (4 marks) 2. Why does Parliament tax income? (4 marks) 3. What are tax deductions? (4 marks) 4. What is the difference between special deductions and general deductions? (4 marks) 5. Explain capital gains tax. (4 marks)

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