''Fiscus'' (Latin for "basket") was the

treasury A treasury is either *A government department related to finance and taxation, a finance ministry; in a business context, corporate treasury. *A place or location where treasure, such as currency or precious items are kept. These can be ...

of the

Roman Empire The Roman Empire ruled the Mediterranean and much of Europe, Western Asia and North Africa. The Roman people, Romans conquered most of this during the Roman Republic, Republic, and it was ruled by emperors following Octavian's assumption of ...

. It was initially the personal wealth of the emperors, funded by taxation on the imperial provinces, assumption of estates and other privileges. By the third century it was understood as a state fund rather than a personal one, albeit under the emperor's control. It is the origin of the English term "fiscal."

Origins

Augustus Gaius Julius Caesar Augustus (born Gaius Octavius; 23 September 63 BC – 19 August AD 14), also known as Octavian (), was the founder of the Roman Empire, who reigned as the first Roman emperor from 27 BC until his death in A ...

divided Rome's territory between senatorial provinces, whose tributes ended up in the '' aerarium'' (the already existing state's chest), and imperial provinces, whose incomes ended up into the ''fiscus'', the emperor's chest. Upon the latter chest fell the most burdensome costs, namely the ones for army and fleet, bureaucracy and grants to urban plebs (distribution of wheat or moneys). The imperial provinces, under Augustus' reform, were the provinces ''non pacatae'' (i.e., the border provinces) which Augustus had advocated under his direct administration. Those provinces, that later started to be called ''provinciae Caesaris'', were entrusted to ''equites'' and agents of the emperor with the title of '' procuratores Augusti''. Despite this separation, the emperor had the right to transfer moneys from the ''aerarium'' to the ''fiscus''. Several historians believe that there were only ten senatorial provinces, that is one third of the total number of the imperial ones. This fact would prove that the ''fiscus'' were much richer and relevant than the ''aerarium'' already from its birth.

Administration

The head of the ''fiscus'' in the first years was the '' a rationibus'', originally a freedman due to Augustus' desire to place the office in the hands of a servant free of the class demands of the traditional society. In succeeding years the corruption and reputation of the freedman forced new and more reliable administrators. From the time of

Hadrian Hadrian ( ; ; 24 January 76 – 10 July 138) was Roman emperor from 117 to 138. Hadrian was born in Italica, close to modern Seville in Spain, an Italic peoples, Italic settlement in Hispania Baetica; his branch of the Aelia gens, Aelia '' ...

, any ''a rationibus'' hailed from the Equestrian Order (''

equites The (; , though sometimes referred to as " knights" in English) constituted the second of the property/social-based classes of ancient Rome, ranking below the senatorial class. A member of the equestrian order was known as an (). Descript ...

'') and remained so through the 3rd century and into the age of

Diocletian Diocletian ( ; ; ; 242/245 – 311/312), nicknamed Jovius, was Roman emperor from 284 until his abdication in 305. He was born Diocles to a family of low status in the Roman province of Dalmatia (Roman province), Dalmatia. As with other Illyri ...

. Under the Flavian dynasty, a new official, rather than the ''a rationibus'', was in charge of the ''fiscus'', called ''procurator fisci'' (or ''procurator a rationibus Augusti''). He had some tasks like drawing up a state's financial statement and forecasting empire's incomes and outcomes. He also managed the assets of the emperor (''patrimonium principii''), the army's expenditures, the allocation of wheat, the restoration of aqueducts, temples and streets. At last he had the crucial role of establishing the annual quantity of metal to be minted.

''Fiscus incomes

The incomes of the emperor's chest could derive from taxes or from other sources.

Incomes from taxes

* The first noteworthy tax is the provincial tax imposed to the imperial provinces. It is essentially a 10% of the entire amount of taxes due, imposed only on those able to generate profits (females, children and old people were not subjected). These incomes were especially used for national defense. * There was also the ''vicesima hereditatium'', a tax of 5% of the inheritances. * Another important tax was the ''dogana'', with a variable percentage going from 1.5% up to 5%. * Luxury objects imported from the east, for instance spices, silk and precious stones were subject of a customs tax 25% of their value. * The last one was on the turnover, but it isn't known in which measure.

Non-fiscal incomes

* Incomes received as inheritance by the emperor. This type was one of the most relevant income sources for the ''fiscus''; it was a custom among the Romans to leave as inheritance something to the emperor. * The lost portion of an inheritance (''bona caduca''), that is the part of the inheritance that couldn't be received by the heir. There were some reasons for which someone couldn't receive the whole inheritance or part of it. For example, the ''Lex Papia Poppaea Nuptialis'' (9 BC) established that some people couldn't inherit, namely: the ''caelibes'' (unmarried men between 25 and 60 years old and unmarried women between 20 and 50 years old) they lost the 100% of their capacity to inherit, the ''orbi'' (married people without sons) who lost the 50% of their capacity to inherit, the ''pater solitarius'' (i.e. who had sons from a previous marriage but didn't marry again) for them the lost capacity isn't known. There are also laws concerning the unworthiness of the heirs. * The vacant inheritance (''bona vacantia''), that is the case in which the inheritance was without any heirs, neither legal nor designated. If the deceased was a citizen of one of the imperial provinces the ''fiscus'' became owner (but, in this case, it also inherited any eventual debts). * The inheritance of the “implicit guarantor”. Is a very peculiar kind of guarantor who was relevant in case the deceased asked him (but with an unspecified formula) to transfer the inheritance once received. This disposition was meant to avoid the use of this figure, because it was usually used to avoid some other legislative dispositions. * State's assets incomes: national mines’ incomes and leasing of public lands (''tributum soli''). * Incomes from the sale of war's treasuries. * Incomes from the discovery of treasuries, the half of the treasure found in the imperial provinces had to be delivered to the ''fiscus'.'' * Incomes from fines. * The goods of the convicted (''bona damnatorum''), i.e. all the good of people sentenced to deprivation of life or freedom or citizenry right, had to be delivered to the ''fiscus''.

Nature of the ''fiscus''

There are three different theories about the nature of the ''fiscus.'' The first theory takes the ''fiscus'' as the private capital of the emperor. The second theory states that the ''fiscus'' was a public capital entrusted to the emperor to maintain public order. It should have been used only for public welfare aims. Supporting this thesis there are the facts that some emperors, like Augustus, made its accounting public, that the emperor could leave as inheritance the ''fiscus'' only to his heir to the throne, and that

Pertinax Publius Helvius Pertinax ( ; 1 August 126 – 28 March 193) was Roman emperor for the first three months of 193. He succeeded Commodus to become the first emperor during the tumultuous Year of the Five Emperors. Born to the son of a freed sl ...

defined the ''fiscus'' as public. According to the third theory the ''fiscus'' was owned neither by the emperor nor by the people, but it was essentially a

legal person In law, a legal person is any person or legal entity that can do the things a human person is usually able to do in law – such as enter into contracts, lawsuit, sue and be sued, ownership, own property, and so on. The reason for the term "''le ...

. The emperors could use it only for public interest reasons. As a legal person it could be creditor or debtor, plaintiff and defendant. In support of this thesis it's showed that there was a proper legal structure around it. Nerva established one specific magistrate (''praetor)'' designated to judge over the legal cases between private individuals and ''fiscus.'' The legal agents of the ''fiscus'' were the ''rationalis'' (and the ''procurator fisci'' from the Flavian dynasty ages); nevertheless the judicial actions themselves were made by the ''advocatus fisci'', role created by

. They were appointed to defend its reasons in trial. According to this evidence the emperor never appeared in trial nor was he judged.

Reforms and developments

From its very introduction the ''fiscus'' started a continuous process of enforcement with respect to the ''aerarium'', until the word ''aerarium'' ended up representing only the municipal chest of Rome. With Diocletian came a series of massive reforms, and total control over the finances of the empire fell to the new stronger central government. With these reforms the distinction between ''aerarium'' and ''fiscus'' was definitely abolished, even though some historians believe this union was already realized under the empire of Septimius Severus. In the late imperial period, probably under Constantine, the ''fiscus'' was renamed ''largitiones'', and it was entrusted to the ''comes sacrarum largitionum'' ( count of the sacred largess) a proper appointed minister of finance. He maintained the general treasury and the intake of all the revenues.

Other ''fisci''

Beside the fiscus but independently from it Vespasian created the ''fiscus Alexandrinus'' and the ''fiscus Asiaticus'' to receive Egyptian and Asian revenues, formerly directed to the ''aerarium.'' He also created the ''fiscus Iudaicus,'' to which the Jewish population was subjected.

References

External links

Fiscus
article in Smith's Dictionary of Greek and Roman Antiquities Government of the Roman Empire Economy of ancient Rome Economic history of Italy Fiscal policy ja:国庫