When you look at the history of taxation and money, a form of taxation has been around since the days of ancient Egypt. At that time, the reigning Pharaoh would collect his taxes in the form of crops or other goods rather than money. A similar system of accepting goods as a tax seemed to exist in many countries throughout the world.
Claiming taxes was seen as their right by the landowners and the leaders or ruler in a country. They were responsible for deciding what was to be taxed and who had to pay it. As the majority of taxes were paid in produce it was used to maintain the army after the tax collector and ruler had their share. The tax payers got very little in return for their payments.
Individuals that could not or would not pay taxes were branded as criminals. At one point in history the penalty handed out could result in severe injury or sometime a fatality. These tactics were used to encourage other to pay their taxes. Alternatively, they could be sent to debtor prison and lose their belongings, including their home and livelihood.
The use of gold and silver to make coins saw a decline in the practice of bartering goods and services and it quickly became possible to use these valued coins in exchange for goods and services almost anywhere in the world. Bartering remains popular in some of the remoter places in the world, but nations have developed their own currency and tax laws.
Banks usually work in cooperation with a country's Government to manage the production and injection of currency into their monetary system. They are responsible for setting tax rates for individuals and businesses. However, tax levels during periods of war have historically risen, more than at any other time, to meet the rising costs of military action.
The history of tax is undoubtedly a complex subject and many people who travel abroad will be aware of the currencies and value differences they may face. In today's world-wide stock and currency markets fluctuations can increase or decrease the value of a currency daily. Although an increase can mean better buying power, a decrease means paying more for the same item.
Individuals will always complain about how they are paying too many taxes, or they are being taxed on things they should not be like petrol or alcohol. When you look at the history of taxation and money the complaints are not all that different in countries around the world.
Claiming taxes was seen as their right by the landowners and the leaders or ruler in a country. They were responsible for deciding what was to be taxed and who had to pay it. As the majority of taxes were paid in produce it was used to maintain the army after the tax collector and ruler had their share. The tax payers got very little in return for their payments.
Individuals that could not or would not pay taxes were branded as criminals. At one point in history the penalty handed out could result in severe injury or sometime a fatality. These tactics were used to encourage other to pay their taxes. Alternatively, they could be sent to debtor prison and lose their belongings, including their home and livelihood.
The use of gold and silver to make coins saw a decline in the practice of bartering goods and services and it quickly became possible to use these valued coins in exchange for goods and services almost anywhere in the world. Bartering remains popular in some of the remoter places in the world, but nations have developed their own currency and tax laws.
Banks usually work in cooperation with a country's Government to manage the production and injection of currency into their monetary system. They are responsible for setting tax rates for individuals and businesses. However, tax levels during periods of war have historically risen, more than at any other time, to meet the rising costs of military action.
The history of tax is undoubtedly a complex subject and many people who travel abroad will be aware of the currencies and value differences they may face. In today's world-wide stock and currency markets fluctuations can increase or decrease the value of a currency daily. Although an increase can mean better buying power, a decrease means paying more for the same item.
Individuals will always complain about how they are paying too many taxes, or they are being taxed on things they should not be like petrol or alcohol. When you look at the history of taxation and money the complaints are not all that different in countries around the world.
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