Tax Planning Essay Example for Free

Tax homework EssayIt was the responsibility of the Satrap to collect the due amount and to send it to the emperor, after deducting his expenses (the expenses and the power of deciding merely how and from whom to raise the money in the province, offer maximum opportunity for rich pickings). The quantities demanded from the various provinces gave a pictorial picture of their economic potential. For instance,Babylonwas assessed for the highest amount and for a startling mixture of commodities 1,000silver talentsand four months supply of diet for the army. India, a province fabled for its gold, was to supply gold dust equal in value to the rattling large amount of 4,680 silver talents.Egypt was known for the wealth of its crops it was to be the granary of the Persian Empire (and, later, of the papistical Empire) and was required to provide 120,000 measures of grain in addition to 700 talents of silver. This was exclusively a tax levied on quash peoples. PersiansandMedespaid no tax, but, they were liable at any time to serve in thearmy. 12 In India, Islamic rulers imposedjizya(apoll taxon non-Muslims) starting in the 11th coulomb. It was abolished byAkbar. Numerous records of political sympathies tax collection in atomic number 63 since at least the 17th century are all the same available today. But taxation levels are hard to compare to the size and flow of the economy since merchandisenumbers are not as readily available, however.Government expenditures and revenue in France during the 17th century went from about 24. 30 millionlivresin 1600-10 to about 126. 86 millionliversin 1650-59 to about 117. 99 millionlivresin 1700-10 whengovernment debthad reached 1. 6 billionlivres. In 178089, it reached 421. 50 millionaires. Taxation as a percentage of production of final goods may have reached 15%20% during the 17th century in places such asFrance, theNetherlands, andScandinavia. During the war-filled years of the eighteenth and early nineteenth century, tax rates in Europe increased dramatically as war became more expensive and governments became more centralized and adept at gathering taxes.