The Bandala System was a system implemented by Spanish authorities in the Philippines that required native Filipino farmers to sell their goods to the government. The farmers were not in favor of this system and were not even offered fair market prices for their crops.Know More
When Spain began to colonize the Philippines, the land was split into parcels and divided among dignitaries and distinguished officers of the military. Parcel owner's were required to care for the native inhabitants of his land, providing for their well-being and protection. Within a short time, abuses became apparent and it was discontinued in favor of a new system in which the natives were required to pay taxes, or a “tribute”, to the government.
Filipinos were forced to endure other unfair practices, such as forced labor, which was required for all Filipinos from age 16 to age 60. The work included building roads, clearing trees, and building shipyards. The only way to avoid labor was to pay a fee to the government, called "falla."
Policies and practices like the Bandala System, polo, and tribute taxation oppressed the natives of the Philippines for many years as the local Spanish government officials became richer and more successful.Learn more about Taxes
The quickest way to calculate sales tax is to take the sales tax rate in an area and multiply it by the dollar amount of the goods or services subject to the tax. For example, if there is a 6 percent sales tax on all purchases and a purchase is $200, multiplying 6 percent by $200 gives a result of $12.Full Answer >
According to Investopedia, a tariff is a tax imposed on goods and services imported from another country. This is a tool used by governments as a trade barrier.Full Answer >
The Fordney-McCumber Tariff was an increase in the tax on imported goods, and it was designed to help American farmers. Passed in 1922, it raised the tariff to 38.5 percent, which was well above the amount established in 1913.Full Answer >
The Internal Revenue Service's Publication 561 provides guidelines for determining the fair market value of donated goods, but it does not give specific prices for items. This document is available on the IRS website.Full Answer >