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Quit-rent
Quit rent, quit-rent, or quitrent is a tax or land tax imposed on occupants of freehold or leased land in lieu of services to a higher landowning authority, usually a government or its assigns. Under feudal law, the payment of quit rent (Latin ''Quietus Redditus'', pl. ''Redditus Quieti'') freed the tenant of a holding from the obligation to perform such other services as were obligatory under feudal tenure, or freed the occupier of the land from the burden of having others use their own distinct rights that affected the land (e.g. hunting rights which would have hindered farming). Thus it was a payment for distinct rights that were connected with the full enjoyment of the land but not parcelled up in the ownership of the land. Formally it was a sort of buy-back rather than a tax. A tax can be varied by the taxer; and if not paid there are penalties that can be varied by the taxer without formal limit. In contrast the only sanction for not paying a feudal quit rent was that the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Tax
A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. Land value taxes are generally favored by economists as they do not cause economic inefficiency, and reduce inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or discourage or subsidize development. LVT is associated with Henry George, whose ideology became known as Georgism. George argued that taxing the land value is most logical source of public revenue becau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial America
The colonial history of the United States covers the history of European colonization of North America from the early 17th century until the incorporation of the Thirteen Colonies into the United States after the Revolutionary War. In the late 16th century, England (British Empire), Kingdom of France, Spanish Empire, and the Dutch Republic launched major colonization programs in North America. The death rate was very high among early immigrants, and some early attempts disappeared altogether, such as the English Lost Colony of Roanoke. Nevertheless, successful colonies were established within several decades. European settlers came from a variety of social and religious groups, including adventurers, farmers, indentured servants, tradesmen, and a very few from the aristocracy. Settlers included the Dutch of New Netherland, the Swedes and Finns of New Sweden, the English Quakers of the Province of Pennsylvania, the History of the Puritans in North America, English Puritans o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. An example of renting is equipment rental. Renting can be an example of the sharing economy. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, United Kingdom and the United States) rent paid in a trade or business is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King's Remembrancer
The King's Remembrancer (or Queen's Remembrancer) is an ancient judicial post in the legal system of England and Wales. Since the Lord Chancellor no longer sits as a judge, the Remembrancer is the oldest judicial position in continual existence. The post was created in 1154 by King Henry II as the chief official in the Exchequer Court, whose purpose was "to put the Lord Treasurer and the Barons of Court in remembrance of such things as were to be called upon and dealt with for the benefit of the Crown", a primary duty being to keep records of the taxes, paid and unpaid. The first King's Remembrancer was Richard of Ilchester, a senior servant of the Crown and later Bishop of Winchester. The King's Remembrancer continued to sit in the Court of the Exchequer until its abolition in 1882. The post of King's Remembrancer is held by the Senior Master of the King's Bench Division of the High Court. Quit Rents ceremonies The Exchequer Court is reconstituted every year for the three ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Borneo
North Borneo (usually known as British North Borneo, also known as the State of North Borneo) was a British Protectorate, British protectorate in the northern part of the island of Borneo, which is present day Sabah. The territory of North Borneo was originally established by concession (territory), concessions of the Sultanates of Bruneian Empire, Brunei and Sultanate of Sulu, Sulu in 1877 and 1878 to a German Empire, German-born representative of Austria-Hungary, a businessman and diplomat, Gustav Overbeck. Overbeck had recently purchased a small tract of land in the western coast of Borneo in 1876 from American merchant Joseph William Torrey, who had promoted the territory in British Hong Kong, Hong Kong since 1866. Overbeck then transferred all his rights to Alfred Dent before withdrawing in 1879. In 1881, Dent established the North Borneo Provisional Association Ltd to manage the territory, which was granted a royal charter in the same year. The following year, the Provisional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Protectorate
A protectorate, in the context of international relations, is a State (polity), state that is under protection by another state for defence against aggression and other violations of law. It is a dependent territory that enjoys autonomy over most of its internal affairs, while still recognizing the suzerainty of a more powerful sovereign state without being a possession. In exchange, the protectorate usually accepts specified obligations depending on the terms of their arrangement. Usually protectorates are established de jure by a treaty. Under certain conditions—as with History of Egypt under the British#Veiled Protectorate (1882–1913), Egypt under British rule (1882–1914)—a state can also be labelled as a de facto protectorate or a veiled protectorate. A protectorate is different from a colony as it has local rulers, is not directly possessed, and rarely experiences colonization by the suzerain state. A state that is under the protection of another state while retain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colony
In modern parlance, a colony is a territory subject to a form of foreign rule. Though dominated by the foreign colonizers, colonies remain separate from the administration of the original country of the colonizers, the ''metropole, metropolitan state'' (or "mother country"). This administrative colonial separation makes colonies neither incorporated territories nor client states. Some colonies have been organized either as dependent territory, dependent territories that are Chapter XI of the United Nations Charter, not sufficiently self-governed, or as self-governing colony, self-governed colonies controlled by settler colonialism, colonial settlers. The term colony originates from the ancient rome, ancient Roman ''colonia (Roman), colonia'', a type of Roman settlement. Derived from ''colon-us'' (farmer, cultivator, planter, or settler), it carries with it the sense of 'farm' and 'landed estate'. Furthermore the term was used to refer to the older Greek ''apoikia'' (), which w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Empire
The British Empire was composed of the dominions, colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts established by England between the late 16th and early 18th centuries. At its height it was the largest empire in history and, for over a century, was the foremost global power. By 1913, the British Empire held sway over 412 million people, of the world population at the time, and by 1920, it covered , of the Earth's total land area. As a result, its constitutional, legal, linguistic, and cultural legacy is widespread. At the peak of its power, it was described as "the empire on which the sun never sets", as the Sun was always shining on at least one of its territories. During the Age of Discovery in the 15th and 16th centuries, Portugal and Spain pioneered European exploration of the globe, and in the process established large overse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fee Simple
In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, present possessory interest in land. A "fee simple" is real property held without limit of time (i.e., permanently) under common law, whereas the highest possible form of ownership is a "fee simple absolute," which is without limitations on the land's use (such as qualifiers or conditions that disallow certain uses of the land or subject the vested interest to termination). The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, police power, and escheat, and may also be limited further by certain encumbrances or conditions in the deed, such as, for example, a condition that required the land to be used as a public park, with a reversion interest in the grantor if the condition fails; this is a fee simple conditional. History The word "fee" is related to the term fief, meaning a feudal landhol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonialism
Colonialism is a practice or policy of control by one people or power over other people or areas, often by establishing colonies and generally with the aim of economic dominance. In the process of colonisation, colonisers may impose their religion, language, economics, and other cultural practices. The foreign administrators rule the territory in pursuit of their interests, seeking to benefit from the colonised region's people and resources. It is associated with but distinct from imperialism. Though colonialism has existed since ancient times, the concept is most strongly associated with the European colonial period starting with the 15th century when some European states established colonising empires. At first, European colonising countries followed policies of mercantilism, aiming to strengthen the home-country economy, so agreements usually restricted the colony to trading only with the metropole (mother country). By the mid-19th century, the British Empire gave up me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenant Farmer
A tenant farmer is a person (farmer or farmworker) who resides on land owned by a landlord. Tenant farming is an agricultural production system in which landowners contribute their land and often a measure of operating capital and management, while tenant farmers contribute their labor along with at times varying amounts of capital and management. Depending on the contract, tenants can make payments to the owner either of a fixed portion of the product, in cash or in a combination. The rights the tenant has over the land, the form, and measures of payment vary across systems (geographically and chronologically). In some systems, the tenant could be evicted at whim ( tenancy at will); in others, the landowner and tenant sign a contract for a fixed number of years ( tenancy for years or indenture). In most developed countries today, at least some restrictions are placed on the rights of landlords to evict tenants under normal circumstances. England and Wales Historically, rural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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