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Tax In Kind
Tax in kind or tax-in-kind refers to any taxation that is paid in kind, that is with goods or services rather than money. Some notable examples of tax in kind include: * ''corvée'', a tax paid in manual labour, such as on a public works project. * ''fisc'', in the Frankish kingdoms of the Medieval period * food render, a ''feorm'' or tax-in-kind provided through royal vills in Anglo-Saxon England * ''kharaj'', instituted during the period of the Islamic Empire * a tax on agricultural produce imposed by the Confederate States of America in 1863 * '' Prodnalog'', paid by private farms in Soviet Russia during the 1920s under the New Economic Policy. * An agricultural tax in North Korea imposed in 1947 and abolished in 1966 See also *Barter In trade, barter (derived from ''bareter'') is a system of exchange (economics), exchange in which participants in a financial transaction, transaction directly exchange good (economics), goods or service (economics), services for other g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation
A tax is a mandatory financial charge or levy imposed on an individual or legal person, legal entity by a governmental organization to support government spending and public expenditures collectively or to Pigouvian tax, regulate and reduce negative Externality, externalities. Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct tax, direct or indirect taxes and may be paid in money or as labor equivalent. All countries have a tax system in place to pay for public, common societal, or agreed national needs and for the functions of government. Some countries levy a flat tax, flat percentage rate of taxation on personal annual income, but most progressive tax, scale taxes are progressive based on brackets of yearly income amounts. Most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
In Kind
The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches, which can be identified and distinguished. In-kind contributions An in-kind contribution is a non-cash contribution of goods or a service. Those are either offered free or at less than usual charge for them. Similarly, when a person or entity pays for services on the committee’s behalf, the payment is also considered as an in-kind contribution. In-kind services and contributions are valued at their fair market value or at their actual cost. In other words, they are valued at what you would pay for them if they were not donated. There are two types of receivers of in-kind contributions: individuals and companies. For individuals, the provider of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Good (economics)
In economics, goods are anything that is good, usually in the sense that it provides well-being, welfare or utility to someone.Alan V. Deardorff, 2006. ''Terms Of Trade: Glossary of International Economics'', World Scientific. Online version: Deardorffs' Glossary of International Economics"good" an Goods can be contrasted with bads, i.e. things that provide negative value for users, like chore division, chores or waste. A bad lowers a consumer's overall welfare. Economics focuses on the study of economic goods, i.e. goods that are scarce; in other words, producing the good requires expending effort or resources. Economic goods contrast with free goods such as air, for which there is an unlimited supply.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. Goods are the result of the Secondary sector of the economy which involves the transformation of raw materials or intermediate goods into goods. Utility and characteristics of goods The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Service (economics)
A service is an act or use for which a consumer, company, or government is willing to payment, pay. Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources, skill, ingenuity, and experience, service providers benefit service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer. Key characteristics Services have three key characteristics: Intangibility Services are by definition intangible. They are not manufactured, transported or stocked. One cannot store services for future use. They are produced and consumed simultaneously. Perishability Services are perishable in two regards: * Service-relevant resources, processes, and systems are assigned for service delivery during a specific period in time. If the service consumer does not request ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the particular definiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corvée
Corvée () is a form of unpaid forced labour that is intermittent in nature, lasting for limited periods of time, typically only a certain number of days' work each year. Statute labour is a corvée imposed by a state (polity), state for the purposes of public works. As such it represents a form of levy (taxation). Unlike other forms of levy, such as a tithe, a corvée does not require the population to have land, crops or cash. The obligation for tenant farmers to perform corvée work for landlords on private landed estates was widespread throughout history before the Industrial Revolution. The term is most typically used in reference to Medieval Europe, medieval and early modern Europe, where work was often expected by a feudal landowner of their vassals, or by a monarch of their subjects. The application of the term is not limited to feudal Europe; corvée has also existed in Egypt, modern and ancient Egypt, Sumer, ancient Sumer, ancient Rome, China, Japan, the Incan civil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fisc
Under the Merovingians and Carolingians, the fisc (from Latin '' fiscus,'' whence we derive "fiscal") applied to the royal demesne which paid taxes, entirely in kind, from which the royal household was meant to be supported, though it rarely was. Though their personal territory was at first enormous, the Merovingian kings, faced with stiff resistance to taxation from their Frankish and Gallo-Roman subjects and ill-served by their illiterate peers, relied on constant conquests to renew the ''fisc'' which they were in the habit of granting away to ensure continued fidelity among their followers. Once fresh Frankish conquests were no longer forthcoming, constant redivision of the "fisc" among heirs reduced Merovingian kingship to a cluster of competitive kinglets subsisting on inadequate resources. Annual contributions in kind, of grain, produce, fodder, etc., were unwieldy to transport and not easily convertible, so the restless habit of Merovingian kings moving from stronghold to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Render
Food render or food rent (Old English: ''foster'') was a form of tax in kind (Old English: ''feorm'') levied in Anglo-Saxon England, consisting of essential foodstuffs provided by territories such as '' regiones'', multiple estates or hundreds to kings and other members of royal households at a territory's royal vill. The early medieval British Isles lacked the sophisticated trade in essential foodstuffs that had supported the urban economies of Roman Britain, and which would be necessary to support large agriculturally unproductive households remaining static in a single location. Kings and their entourages therefore constantly toured the subdivisions of their kingdoms, staying at networks of royal properties where they could expect to be supported by the territory's inhabitants. In the words of historian Thomas Charles-Edwards: "it made much more sense to take a royal household to the food than the food to the royal household". Food renders were distinct from the tribute that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kharaj
Kharāj () is a type of individual Islamic tax on agricultural land and its produce, regardless of the religion of the owners, developed under Islamic law. With the first Muslim conquests in the 7th century, the ''kharaj'' initially was synonymous with '' jizyah'' and denoted a lump-sum duty levied upon the lands of conquered provinces, which was collected by hold-over officials of the defeated Byzantine Empire in the west and the Sassanid Empire in the east; later and more broadly, ''kharaj'' refers to a land-tax levied by Muslim rulers on their non-Muslim subjects, collectively known as '' dhimmi''. Muslim landowners, on the other hand, paid '' ushr'', a religious tithe on land, which carried a lower rate of taxation,Lewis (2002), p. 72 and ''zakat''. '' Ushr'' was a reciprocal 10% levy on agricultural land as well as merchandise imported from states that taxed Muslims on their products. Changes soon eroded the established tax base of the early Arab Caliphates. Additionally, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederate War Finance
The Confederate States of America financed its war effort during the American Civil War through various means, fiscal policy, fiscal and monetary policy, monetary. As the war lasted for nearly the entire existence of the Confederacy, military considerations dominated national finance. Early in the war the Confederacy relied mostly on tariffs on imports and on taxes on exports to raise revenues. However, with the imposition of a voluntary self-embargo in 1861 (intended to "starve" Europe of cotton and force cotton diplomacy, diplomatic recognition of the Confederacy), as well as the Union blockade, blockade of Southern ports, declared in April 1861 and enforced by the Union Navy, the revenue from taxes on international trade declined. Likewise, the financing obtained through early voluntary donations of coins and bullion from private individuals in support of the Confederate cause, which early on proved quite substantial, dried up by the end of 1861. As a result, the Confederate g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prodnalog
Prodnalog ( rus, продналог, p=prədnɐˈlok, from продовольственный налог, ''prodovolstvenniy nalog''; "food tax";) is the Russian word for a tax on food production, paid in kind in the Soviet Union, and sometimes known as "the tax in kind". ''Prodnalog'' replaced ''prodrazvyorstka'' (introduced in 1919) and was introduced by a Decree of the All-Russian Central Executive Committee on March 21, 1921. Separate decrees were issued for taxes on particular categories of produce: bread, milk, eggs, meat, oil, etc., as well as on hay, wool, and tobacco. After paying the tax, the peasants were allowed to trade the surplus. It was abolished in 1923 with the introduction of the unified . History The transition to prodnalog was the first act of the New Economic Policy and a necessary incentive for increasing Soviet agricultural production . The peasants knew in advance how much produce they would have to surrender to the state. The rate of prodnalog was mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Economic Policy
The New Economic Policy (NEP) () was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism, both subject to state control", while socialized state enterprises would operate on "a profit basis". ''Nouveau riche'' people who took an advantage of NEP were called NEPmen (). The NEP represented a more market-oriented economic policy (deemed necessary after the Russian Civil War of 1918 to 1922) to foster the economy of the country, which had suffered severely since 1915. The Soviet authorities partially revoked the complete nationalization of industry (established during the period of war communism of 1918 to 1921) and introduced a mixed economy which allowed private individuals to own small and medium-sized enterprises, while the state continued to control large industries, banks and foreign trade. The Bolshevik government adopted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
