Tax in kind

Tax in kind or tax-in-kind is any taxation that is paid in kind, that is with goods or services rather than money. Some notable examples of tax in kind include:

• corvée , a tax paid in manual labour, such as on a public works project.
• fisc , in the Frankish kingdoms of the Medieval period
• food render, a feorm or tax-in-kind provided through royal vills in Anglo-Saxon England ^[1]
• kharaj , instituted during the period of the Islamic Empire
• a tax on agricultural produce imposed by the Confederate States of America in 1863 ^[2]
• Prodnalog , paid by private farms in Soviet Russia during the 1920s under the New Economic Policy.
• An agricultural tax in North Korea imposed in 1947 and abolished in 1966 ^[3]

See also

• Barter

References

1. Faith, Rosamund (2013), "Feorm", in Lapidge, Michael; Blair, John; Keynes, Simon; et al. (eds.), The Wiley Blackwell Encyclopedia of Anglo-Saxon England, London: John Wiley & Sons, pp. 186–187, ISBN   1118316096 , retrieved 2014-06-22
2. Burdekin, Richard C.K.; Langdana, Farrokh K. (July 1993), "War Finance in the Southern Confederacy, 1861-1865", Explorations in Economic History, 30 (3): 352–376, doi:10.1006/exeh.1993.1015 . See in particular p. 357: "Congress felt compelled to approve the Tithe Act, or the "Tax-in-Kind," on April 24, 1863. This tax act of 1863, which was intended to remain in force until the end of 1865, supplemented a combined property tax and graded income tax with a tax-in-kind equal to one-tenth of the agricultural produce of 1863."
3. Lee, Hy-Sang (2001), North Korea: A Strange Socialist Fortress, Greenwood Publishing Group, p. 70, ISBN   978-0-275-96917-2