Valley Emperor

Valley Emperor

Although his own rank is not high, Xia Wuyan is also a minister who supervises Fusang affairs, and he is barely considered a high-level official of the empire.

Therefore, Xia Wuyan also knew the policies of some empires, and knew that the empire had always wanted to increase its gold reserves, and then set up a gold standard system.

For this reason, the empire has been collecting gold in recent years. It is said that the Ministry of Finance is collecting a huge amount of gold in order to finally implement the gold standard system, and the scale of the collection is not calculated in two, but in tons. .

For the sake of gold, the empire has even gone to Australia and America, which are far away, not to mention the fusang that is in sight.

In recent years, the empire's trade in Fusang has mainly been to export goods, and then exchange them for various gold and silver.

Now a large gold mine has been discovered, and it is also a gold mine on an island. It is not located in the Kanto region of Honshu Island like the Tufei Gold Mine, so it is not surprising that Xia Wuyan is tempted.

However, although it was already planned to send troops to Sado, but now there was a battle in Osaka, the first mixed brigade as the main force was still in Osaka, so it was difficult to dispatch troops to Sado at this time.

In this regard, Xia Wuyan is not in a hurry. Anyway, the Fusang area is already under the control of the empire. What you want to fight and where you want to fight, it is basically the empire's final decision, and it is not in a hurry for a while.

Just when Xia Wuyan was tossing around in Fusang, the domestic area also officially started the official issuance of legal tender!

In November, the empire officially announced to the whole world through the Tang Dynasty newspaper that starting from the sixteenth year of Xuanping, the official implementation of the abolition of the two yuan and the introduction of the legal currency "yuan".

The content of this announcement is relatively detailed, and basically it is to inform the public about what they are concerned about, including some detailed measures after the abolition of the two reforms.

For example, the original bank notes can be exchanged for new currency in a one-to-one ratio.

At the same time, it is forbidden to mint silver coins by private people, ban banks from issuing banknotes, etc., and ban foreign minted currencies from circulating in the country.

In order to avoid social turmoil and hinder the empire's financial reform policy, in fact, this time, the abolition of two yuan and the change of yuan is more of a symbolic meaning, but not much has been changed in practice, especially some things that are closely related to the people have not changed much. .

The wealth owned by the people, whether it is held by the existing bank notes, or the gold, silver, and copper coins issued in the past, or even the silver and gold bars minted by private individuals in the previous era and even today, do not need to be depreciated. Case.

For ordinary people, perhaps the biggest change is that the original banknotes have been replaced by banknotes.

However, this kind of change does not seem to have much actual content, but its significance is very huge. As long as the empire promotes the concept of legal tender, and then allows the people to gradually accept legal paper money, then the subsequent empire can be truly implemented. Gold Standard Policy.

And gradually transition the daily use of currency from the previous precious metal currency to paper currency.

This is what the Empire most wants to see.

The decree announced in November did not cause much turbulence, and even the stock market did not cause much volatility. People calmly accepted the fact that fiat currency will be issued next year.

After such a good start, Li Xuan felt a lot of peace of mind. Now it seems that after years of habit training, the people of the empire are not very resistant to the banknotes issued by the government.

By December, the empire had already completed the preparations for the abolition of the two yuan and the change to the yuan. The Mint under the Ministry of Finance had already minted a large number of new coins in advance, including gold coins, silver coins, and copper coins.

These currencies are issued according to the currency value of the new legal tender.

A large number of fiat banknotes were also issued.

These silver coins and banknotes have been stored in advance in the many branches of the Royal Bank and the Imperial Bank in accordance with a certain proportion. As long as they wait for the sixteenth year of Xuanping, they can be officially issued to the whole country.

In the process of preparation, December passed quietly. At the end of December, according to the tradition of the empire for many years, it was naturally also the time to formulate the financial budget for the following year.

When the budget was formulated, the currency unit was changed from the previous two to the yuan.

Of course, according to the detailed policy of abolishing two yuan and changing yuan, in fact, the value of one yuan and one tael is equivalent. Therefore, the data are the same, but the unit has changed.

However, according to the gradual change of the ratio of gold and silver, the value of one yuan will gradually be more than one tael of silver in the future.

In late December, after debates between the military and the cabinet, then the army and navy within the military, and the cabinet itself, after many debates, Xuanping's sixteen-year budget was officially determined.

The central fiscal revenue budget for the 16th year of Xuanping of the Datang Empire was 100 million yuan. In this fiscal revenue budget, the primary industry, that is, agriculture, animal husbandry, forestry, fishery and other related industries such as planting and breeding, contributed The central fiscal revenue of China is about 45 million imperial yuan, accounting for 45 percent of the total.

Just from this ratio, it can be seen that the importance of the primary industry to the Tang Empire is still very important.

You must know that this figure is actually the result of the Datang Empire's strict control of agricultural taxes. In order to support the domestic people's livelihood and encourage agriculture, the Datang Empire raised agricultural taxes due to the shortage of military spending during the earliest unification period. In fact, in other years, Generally, agricultural taxes have been lowered.

Otherwise, it would not have been so many years, and the income from agricultural tax has not increased but decreased. You must know that the area of ​​arable land has continued to increase in the past so many years.

Tax reduction and subsidies in various ways are also an important means for the Datang Empire to reduce the burden on farmers, improve the quality of life of farmers, and stimulate economic activity in rural areas.

The agricultural tax has not increased for many years, but the fiscal revenue of the Datang Empire has increased year by year, and the rate of increase is still very large, which is naturally due to the development of industry and commerce.

In addition to the tax from agriculture, the remaining fiscal revenue naturally comes from industry and commerce. The tax on industry and commerce includes many taxes, such as salt tea special tax, customs duties, corporate income tax, corporate value-added tax, personal income tax, stamp duty, etc. More than 100 kinds of taxes.

Among them, the corporate income tax is the key!

Originally, there were a lot of tariffs, but in order to encourage overseas trade, the Datang Empire adopted low tariffs, and now the trade of the Datang Empire is mainly export trade, and the imports are some raw materials, but the quantity is actually very small.

Therefore, corporate income tax has become the focus!

However, if you are engaged in industry and commerce in the Tang Dynasty, no matter what industry you are engaged in, as long as it is a business activity, you must pay taxes.

Therefore, whether the business is good or not, whether it makes money or not will not be discussed, but the tax bureau definitely has taxes that can be collected.

Thanks to the rapid development of domestic industry and commerce, the proportion of tax revenue contributed by the industry and commerce industry has only increased from 20% in the early years to 30, then to 50, and then to 100 today. Fifty-five-fifths or so.

In fact, according to the statistics of the Ministry of Finance, if the statistics are based on all taxes, the proportion of taxes from industry and commerce will actually be larger, reaching more than 60%.

However, in practice, because a large number of places generally adopt tax reduction and exemption policies to attract enterprises to settle down and invest, many industrial and commercial taxes are not collected.

For example, the famous Lingao Fishery Industrial Zone, which is famous for the development of fisheries, has always adopted a very preferential investment policy. In addition to national policies, local governments even dare to directly return most of the tax to enterprises.

Lingao Fishery Industrial Zone can be regarded as a relatively extreme industrial zone. Other cities will not be so extreme, but it will happen to some extent.

In this case, the empire actually lost a part of its tax revenue, but this is also a sacrifice that must be made in the process of development!

For many places, if the various incentives such as tax incentives are not attractive, capital will not go to build factories at all. Under the same conditions, why do they not go to Shanghai? Instead of going to your poor place to invest?

For the sake of local development, all the local officials and yamen in the empire are single-mindedly applying to the central government for preferential policies to establish various industrial zones, and the central government of the empire sometimes has to approve it in order to support local development.

If it weren't for the loss of a large amount of tax revenue, the tax revenue contributed by industry and commerce could at least be increased by more than 30%.

But then again, if it weren't for the rich policies given by the empire, the domestic industry and commerce would not have developed so rapidly.

Xuanping has a budget of 100 million yuan in fiscal revenue in the 16th year!

If the fiscal revenue and expenditure are strictly controlled in accordance with the empire in recent years, the budget for fiscal expenditure will not be too much or too little. It is probably 100 million yuan, and there is a great possibility that it will be 100 million yuan~www.wuxiaspot.com~ set aside part as a fiscal surplus.

But this year, the budget for fiscal expenditure has reached an astonishing 110 million yuan, which will lead to a fiscal deficit of as much as 100 million yuan. Such a fiscal deficit was almost invisible in previous years.

However, under the premise of a larger budget deficit, the total military expenditure received by the military is the same as in previous years, and the administrative costs of various cabinet departments are basically the same as in previous years.

However, this year's budget for fiscal expenditure is only 95 million taels in total. That is to say, when this year's budget for fiscal expenditure reaches 110 million, including military expenditure, the proportions of many previous budgets are the same. Correspondingly dropped.

Where did all the money go?

This extra budget totals 15 million yuan, all of which will be used for water conservancy construction.

The monarchs and ministers of the Datang Empire were frightened by this year's large-scale floods on the Yellow and Huai Rivers. Thousands of people were killed and injured, and the affected population reached tens of millions, not to mention the economic losses. The most conservative estimate is more than 50 million.

They are worried that similar large-scale floods or droughts will occur in the future, so whether it is Li Xuan or the ministers in the imperial study, they are all determined to improve the water conservancy facilities even if they are smashing pots and selling iron.

To this end, they not only filled in the increased fiscal revenue this year, but also prepared to issue treasury bonds of up to 10 million taels.

And these money, without exception, will be used for the construction of water conservancy facilities across the country.

With so much money poured into it, Li Xuan can't believe that water conservancy construction can't be done well!