Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 19, 2025
If many men were to act in the same way, the burden of the honest tax-payer would be largely increased, and, if the practice became general, the state would have to resort to some other mode of taxation or collect its customs-revenue at a most disproportionate cost.
It was after counsel with the Italian bankers that Edward devised his scheme for drawing a permanent revenue from this source. In the Parliament of 1275 he obtained the grant of half a mark, or six shillings and eightpence, on each sack of wool exported; and this grant, a grant memorable as forming the first legal foundation of our customs-revenue, at once relieved the necessities of the Crown.
It is absolutely impossible to form a conception of the mass of capital accumulated in this London of antiquity, but some notion at least may be gained of the sources of public revenue from the fact, that, in spite of the costly system on which Carthage organized its wars and in spite of the careless and faithless administration of the state property, the contributions of its subjects and the customs-revenue completely covered the expenditure, so that no direct taxes were levied from the citizens; and further, that even after the second Punic war, when the power of the state was already broken, the current expenses and the payment to Rome of a yearly instalment of 48,000 pounds could be met, without levying any tax, merely by a somewhat stricter management of the finances, and fourteen years after the peace the state proffered immediate payment of the thirty-six remaining instalments.
It is absolutely impossible to form a conception of the mass of capital accumulated in this London of antiquity, but some notion at least may be gained of the sources of public revenue from the fact, that, in spite of the costly system on which Carthage organized its wars and in spite of the careless and faithless administration of the state property, the contributions of its subjects and the customs-revenue completely covered the expenditure, so that no direct taxes were levied from the citizens; and further, that even after the second Punic war, when the power of the state was already broken, the current expenses and the payment to Rome of a yearly instalment of 48,000 pounds could be met, without levying any tax, merely by a somewhat stricter management of the finances, and fourteen years after the peace the state proffered immediate payment of the thirty-six remaining instalments.
Word Of The Day
Others Looking