|
Department Of Treasury And Finance (Victoria)
The Department of Treasury and Finance (DTF), often informally referred to as the Treasury, is a government department in Victoria, Australia. One of Victoria's oldest public institutions, the Treasury has existed in various forms throughout Victorian history. It is currently responsible for the state's economic and fiscal policy, taxation and delivery of the budget. History The Department of Treasury and Finance can trace its origins to the earliest days of the settlement that became the State of Victoria. The department is one of Victoria’s oldest institutions, predating the Parliament of Victoria by more than a decade. As well as being involved in collecting revenue from land sales and customs duty, the treasury became the principal agency responsible for the sale and safe storage of gold extracted from Victoria’s mines in the second half of the nineteenth century (see Victorian Gold Rush). The building of the treasury (now known as 'the old treasury building'), alon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Treasury (Victoria)
Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, for example: **Departments of Colombia, a grouping of municipalities **Departments of France, administrative divisions three levels below the national government **Departments of Honduras **Departments of Peru, name given to the subdivisions of Peru until 2002 **Departments of Uruguay *Department (United States Army), corps areas of the U.S. Army prior to World War I *Fire department, a public or private organization that provides emergency firefighting and rescue services *Ministry (government department), a specialized division of a government *Police department, a body empowered by the state to enforce the law * Department (naval) administrative/functional sub-unit of a ship's company. Other uses * ''Department'' (film), a 2012 Bollywoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament House, Melbourne
Parliament House is the meeting place of the Parliament of Victoria, one of the eight parliaments of the Australian states and territories. Located on Spring Street on the edge of the Hoddle Grid, the grand colonnaded front dominates the vista up Bourke Street. Construction began in 1855, and the first stage was officially opened the following year, with various sections completed over the following decades; it has never been completed, and the planned dome is one of the most well known unbuilt features of Melbourne. Between 1901 and 1927, it served as the meeting place of the Parliament of Australia, during the period when Melbourne was the temporary national capital. The building is listed on the Victorian Heritage Register. Background Site The Victorian gold rush and population boom led calls for greater democracy and a home for political debate in Victoria. Prior to the Colony of Victoria acquiring self-government in 1851, Governor Charles La Trobe instruct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Appropriation (law)
In law and government, appropriation (from Latin ''appropriare'', "to make one's own", later "to set aside") is the act of setting apart something for its application to a particular usage, to the exclusion of all other uses. It typically refers to the legislative designation of money for particular uses, in the context of a budget or spending bill. Ecclesiastical law In ecclesiastical law, appropriation is the perpetual annexation of an ecclesiastical benefice to the use of some spiritual corporation, either aggregate or sole. In the Middle Ages in England the custom grew up of the monasteries reserving to their own use the greater part of the tithes of their appropriated benefices, leaving only a small portion to their vicars in the parishes. On the dissolution of the monasteries the rights to collect "great tithes" were often sold off, along with former monastic lands, to laymen; whose successors, known as "lay impropriators" or "lay rectors," still hold them, the system b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Tax
A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. Some economists favor LVT, arguing it does not cause economic inefficiency, and helps reduce economic inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity, and encourages development without subsidies. LVT is associated with Henry George, whose ideology became known as Georgism. George argued that taxing the land value is the most logical source of public revenue because the supply of land is fixed and because public infrastructure improvements would be reflected in (and thus pai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payroll Tax
Payroll taxes are taxes imposed on employers or employees. They are usually calculated as a percentage of the salaries that employers pay their employees. By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is unaffected by this distinction, and falls largely or entirely on workers in the form of lower wages. Because payroll taxes fall exclusively on wages and not on returns to financial or physical investments, payroll taxes may contribute to underinvestment in human capital, such as higher education. National payroll tax systems Australia The Australian federal government ( ATO) requires withholding tax on employment income (payroll taxes of the first type), under a system known as pay-as-you-go (PAYG). The individual states impose payroll taxes of the second type. Bermuda In Bermuda, payroll tax accounts for over a third of the annual nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stamp Duty
Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). Historically, a physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp. The duty is thought to have originated in Venice in 1604, being introduced (or re-invented) in Spain in the 1610s, the Spanish Netherlands in the 1620s, France in 1651, and England in 1694. German economist Silvio Gesell proposed in 1891 that demurrage currency could be enabled by stamp duties, which would in turn stimulate economic growth. Gesell referred to this monetary policy as Freigeld. Usage by country Australia The Australian Federal Government does not levy stamp duty. However, stamp duties are levied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. In modern economies, inflation is conventionally considered "healthy" in the range of 2%–3%. Add ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy
''Economic Policy'' is a quarterly peer-reviewed academic journal published by Oxford University Press, Oxford Academic on behalf of the Centre for Economic Policy Research, the Center for Economic Studies (University of Munich), and the Paris School of Economics. The journal was established in 1985 and covers international economic policy topics such as macroeconomics, microeconomics, the labour market, trade, exchange rate, taxation, economic growth, government spending, and Human migration, migration. The journal had an impact factor of 2.844 in 2016, ranking it 33/347 in the category "Economics". References External links * {{Official website, https://academic.oup.com/economicpolicy Wiley-Blackwell academic journals English-language journals Academic journals established in 1985 Quarterly journals Economics journals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party (Victorian Branch)
The Victorian Labor Party, officially known as the Australian Labor Party (Victorian Branch) and commonly referred to simply as Victorian Labor, is the Victoria (Australia), Victorian state branch of the Australian Labor Party (ALP). The party forms the incumbent government in the state of Victoria and is led by Jacinta Allan, who has served concurrently as Premier of Victoria since 2023. Victorian Labor comprises two major wings: the parliamentary wing and the organisational wing. The parliamentary wing (formally referred to as the State Parliamentary Labor Party) comprises all elected party members in the Victorian Legislative Assembly, Legislative Assembly and Victorian Legislative Council, Legislative Council, which when they meet collectively constitute the Caucus#In Commonwealth nations, party caucus. The parliamentary leader is elected from and by the caucus, and party factions have a strong influence in the election of the leader. The leader's position is dependent on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Treasury Building, Melbourne
The Old Treasury Building on Spring Street in Melbourne was built in 1858-62 in the grand Renaissance Revival style. It was designed to accommodate the Treasury Department, various government officials' offices including the Governor In Council, and basement vaults intended to house gold from the Victorian gold rush. It now houses a range of functions, including a museum of Melbourne history, known as Old Treasury Building Museum. History The Treasury Building was constructed between 1858–62, and is considered one of Australia's finest Renaissance Revival buildings. One original purpose was to house some of the bullion from the gold rush in the 'gold vaults' in the basement, but by the time it was finished the rush was over, and they were used to store government documents instead. The main purpose was to house offices for the Treasury Department, along with rooms for the Chief Secretary, the Treasurer, the Registrar-General, the Registrar of the Supreme Court, and the Audit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
