Difference between revisions of "Land Tax Ordinance of 1873"
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Latest revision as of 18:00, 22 February 2015
- Date: 1873
The Land Tax Ordinance of 1873 reformed the tax system such that taxes were no longer based on the yield that year, but now on a set valuation of the land; further, taxes were no longer to be paid in kind (in produce), but rather in coin. This dramatically simplified the system and ensured the Meiji government a predictable level of income each year, unaffected by famine or drought.
References
- David Lu, Japan: A Documentary History, M.E. Sharpe (1997), 315.
