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This regulation is based on the EU VAT Directive. [2] The aim of the VAT exemption on investment gold in the European Union is to promote gold as a financial instrument. [3] The tax exemption applies only to gold bars with a purity of at least 995 thousandths , and gold coins with a purity of at least 900 thousandths that were minted after 1800.
Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. [1] The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded ...
In addition, they served as tax collectors for the Roman Republic (and later the Roman Empire), farming the taxes of the Roman provinces, and bidding on contracts (from the Senate in Rome) for the collection of various types of taxes. Importantly, this role as tax collectors was not emphasized until late into the history of the Republic (c. 1st ...
Metal production in the ancient Middle East The metals of antiquity are the seven metals which humans had identified and found use for in prehistoric times in Africa, Europe and throughout Asia: [ 1 ] gold , silver , copper , tin , lead , iron , and mercury .
A tax collector (also called a taxman) is a person who collects unpaid taxes from other people or corporations on behalf of a government. The term could also be applied to those who audit tax returns or work for a revenue agency. Tax collectors are often portrayed negatively, and in the modern world share a similar stereotype to that of lawyers.
American Platinum Eagle, the official platinum bullion coin of the United States. Investment in platinum is often compared in financial history to gold and silver, which were both known to be used as money in ancient civilizations. Experts posit that platinum is about 15–20 times scarcer than gold and approximately 60–100 times scarcer than ...
Gold models of ship and cauldron, torc, from the Broighter Hoard. The list of hoards in Ireland comprises the significant archaeological hoards of coins, jewellery, metal objects, scrap metal and other valuable items that have been discovered on the island of Ireland (Republic of Ireland and Northern Ireland).
Platinum was first used for minting coins in Spanish-colonized America. Following the discovery of platinum in gold rocks, the Spaniards were unable to use it for a long time because they had no technology for processing this metal. The then-cheap platinum was used for various kinds of frauds, such as substituting it for the more expensive silver.