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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] |
Impressed Duty Stamp
An impressed duty stamp is a form of revenue stamp created by ''impressing'' (Paper embossing, embossing) a stamp onto a document using a metal Die (manufacturing), die to show that the required ''duty'' (tax) had been paid. The stamps have been used to collect a wide variety of taxes and duties, including stamp duty and duties on alcohol, financial transactions, receipts, cheques and court fees. Usage has been worldwide but particularly heavy in the United Kingdom and Commonwealth of Nations, British Commonwealth. Impressed duty stamps are to be distinguished from ''adhesive'' revenue stamps which are applied to documents in the same way that a postage stamp is applied to a letter. History in the United Kingdom In the United Kingdom, the first impressed duty stamps were used following the introduction of stamp duty in the Stamps Act 1694, ''An act for granting to Their Majesties several duties on Vellum, Parchment and Paper for 10 years, towards carrying on the war against France ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duty (tax)
In economics, a duty is a target-specific form of tax levied by a state (polity), state or other political entity. It is often associated with customs, in which context they are also known as tariffs or dues. The term is often used to describe a tax on certain items purchased abroad. A duty is levied on specific commodity, commodities, financial transactions, estate (law), estates, etc. rather than being a direct imposition on individuals or corporations such income tax, income or property taxes. Examples include customs duty, excise duty, stamp duty, inheritance tax, estate duty, and gift duty. Customs duty A customs duty or due is the indirect tax levied on the import or export of goods in international trade. In economics a duty is also a kind of consumption tax. A duty levied on goods being imported is referred to as an 'import duty', and one levied on exports an 'export duty'. Estate duty An estate duty (in the U.S. inheritance tax) is a tax levied on the Estate (law), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Share (finance)
In finance, financial markets, a share (sometimes referred to as stock or Equity (finance), equity) is a unit of Equity (finance), equity ownership in the Stock, capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share expresses the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the Financial capital, capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Terminology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ATM Card
An ATM card is a dedicated payment card card issued by a financial institution (i.e. a bank) which enables a customer to access their financial accounts via its and others' automated teller machines (ATMs) and, in some countries, to make approved point of purchase retail transactions. ATM cards are not credit cards or debit cards, however most credit and debit cards can also act as ATM cards and that is the most common way that banks issue cards since the 2010s. ATM cards are payment card size and style plastic cards with a magnetic stripe and/or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC (CVV). ATM cards are known by a variety of names such as bank card, MAC (money access card), client card, key card or cash card, among others. Other payment cards, such as debit cards and credit cards can also function as ATM cards. Charge and proprietary cards cannot be used as ATM cards. The use of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debit Card
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a Stored-value card, stored value with which a payment is made (prepaid cards), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perum Peruri
The Moneyprinting Public Corporation of the Republic of Indonesia (), trading as Peruri (stylized in all caps), is an Indonesian statutory corporation which acts as the country's banknote printer, national mint, and government systems integrator. History PERURI is a State-Owned Enterprise (BUMN) that was established through Government Regulation Number 60 of 1971, the result of a merger between the State Company (a.k.a. PN) ''Pertjetakan Kebajoran'' (a.k.a. Perkeba) which has a banknote printing business, with PN ''Arta Yasa'' which has a coin making business. Printers Pertjetakan Kebajoran had originally been established with assistance from Dutch banknote printers Joh. Enschedé. It has offices in Jakarta, Karawang and Surabaya, with marketing and administrative functions taking place in Jakarta, and printing and minting occurring in Karawang and Surabaya. In 1991, PERURI built a new factory on 202 hectares of land located in ''Ciampel'', Karawang, Indonesia, which was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Indonesia)
The Ministry of Finance () is an Indonesian government Ministry (government department), ministry responsible for the nation's finance and state assets. The List of Ministers of Finance of Indonesia, finance minister is responsible to the President. The ministry's motto is ''Nagara Dana Rakça'', which means "guardian of state finance". History Colonial period The Dutch East India Company was given ' to print money during the rule of Governor General Jan Pieterszoon Coen. Since the 17th century, the Dutch East India Company increased state revenue. The company raised state revenue by an obligation to surrender agricultural products ('), restrictions on agricultural production (', which increased the price) and obligations to plant strategic agricultural products such as coffee ('). When the British took over Dutch East India as part of the War of the Sixth Coalition and assigned Stamford Raffles as Lieutenant-Governor, he instituted reformation through land tax ('), which chan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislative Council Of Hong Kong
The Legislative Council of the Hong Kong Special Administrative Region, colloquially known as LegCo, is the Unicameralism, unicameral legislature of Hong Kong. It sits under People's Republic of China, China's "one country, two systems" constitutional arrangement, and is the power centre of Hong Kong's hybrid regime, hybrid representative democracy, though popular representation in the legislature has diminished significantly in recent years, along with its political diversity. The functions of the Legislative Council are to enact, amend or repeal laws; examine and approve budgets, taxation and public expenditure; and raise questions on the work of the government. In addition, the Legislative Council also has the power to endorse the appointment and removal of the judges of the Hong Kong Court of Final Appeal and the Chief Judge of the High Court of Hong Kong, High Court, as well as the power to impeach the Chief Executive of Hong Kong. Following the 2019–2020 Hong Kong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Residents
The Hong Kong Basic Law classifies residents of the Hong Kong Special Administrative Region () as either permanent residents or non-permanent residents. Hong Kong residents have rights under the Basic Law including freedom of speech, freedom of movement and freedom of religious belief. Permanent residents Hong Kong permanent residents have the right of abode in Hong Kong and the right to vote in elections for the Legislative Council and the District Council. It is also the '' de facto'' citizenship status in Hong Kong because most citizen rights are associated with the right of abode. However, Hong Kong permanent residents are not entitled to a Hong Kong passport or stand for office in some Legislative Council constituencies, unless they are also naturalised Chinese citizens. Under the Hong Kong Basic Law, permanent residents are: # Chinese citizens born in Hong Kong before or after the establishment of the Hong Kong Special Administrative Region; # Chinese citizens w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
