Stamp duty is a tax that is levied on documents. Historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions. A physical stamp (a revenue stamp) had to be attached to or impressed upon the document to denote that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp.
The duty was originally introduced in the Netherlands in 1624 and spread to other countries subsequently, France 1654, Denmark 1657 and Prussia 1682.
Read more about Stamp Duty: Australia, Denmark, Hong Kong, Ireland, Singapore, Sweden, United Kingdom, United States, European Union, Further Reading
Famous quotes containing the words stamp and/or duty:
“Preserving tradition has become a nice hobby, like stamp collecting.”
—Mason Cooley (b. 1927)
“They do not sweat and whine about their condition,
They do not lie awake in the dark and weep for their sins,
They do not make me sick discussing their duty to God,
Not one is dissatisfied—not one is demented with the mania of owning things,
Not one kneels to another, nor to his kind that lived thousands of
years ago,
Not one is respectable or industrious over the whole earth.”
—Walt Whitman (1819–1892)