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119-412: In the early 19th century, due to the heavy taxes on spirit production imposed by the government, many whisky producers were forced to operate illegally. The area around Glengoyne was full of hills and forests which provided excellent cover for the distillers. Records show that at least eighteen illicit whisky stills were operating in the area. In the 1820s an Act of Parliament was passed, which reduced

238-487: A Lowland single malt as opposed to a Highland single malt. At its current operating capacity Glengoyne produces over one million litres of pure spirit (new make spirit) every year which is used in a number of different whiskies. The distillery has won various awards for its products including a double gold awarded to the 17-year-old Single Malt at the San Francisco World Spirits Competition and

357-431: A flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of yearly income amounts. Most countries charge a tax on an individual's income and corporate income . Countries or sub-units often also impose wealth taxes , inheritance taxes , gift taxes , property taxes , sales taxes , use taxes , environmental taxes , payroll taxes , duties , or tariffs . It

476-433: A pay-as-you-earn basis, with corrections made after the end of the tax year . These corrections take one of two forms: Income-tax systems often make deductions available that reduce the total tax liability by reducing total taxable income. They may allow losses from one type of income to count against another – for example, a loss on the stock market may be deducted against taxes paid on wages. Other tax systems may isolate

595-426: A certain area ( social engineering ). For example, a high excise is used to discourage alcohol consumption, relative to other goods. This may be combined with hypothecation if the proceeds are then used to pay for the costs of treating illness caused by alcohol use disorder . Similar taxes may exist on tobacco , pornography , marijuana etc., and they may be collectively referred to as " sin taxes ". A carbon tax

714-446: A commodity is sold to its final consumer. Retail organizations contend that such taxes discourage retail sales. The question of whether they are generally progressive or regressive is a subject of much current debate. People with higher incomes spend a lower proportion of them, so a flat-rate sales tax will tend to be regressive. It is therefore common to exempt food, utilities, and other necessities from sales taxes, since poor people spend

833-593: A current distilling capacity of over one million litres of alcohol and over 35,000 visitors per annum. Glengoyne and Bruichladdich, is one of only two distilleries remaining today that uses Golden Promise barley, which is low in yield but high in quality. The distillery's water supply comes from the Glengoyne Burn which flows from the nearby Dumgoyne hill into the distillery grounds before continuing on to Loch Lomond . Unlike many malt whiskies, Glengoyne does not use peat smoke to dry their barley but instead favours

952-469: A definition and system of classification of internal taxes, generally followed below. In addition, many countries impose taxes ( tariffs ) on the import of goods. Many jurisdictions tax the income of individuals and of business entities , including corporations . Generally, the authorities impose a tax on net profits from a business , on net gains, and on other income. Computation of income subject to tax may be determined under accounting principles used in

1071-506: A form of erosion that occur at the sides of gullies that cut into the peat; they sometimes also occur in isolation. Hags may result when flowing water cuts downwards into the peat and when fire or overgrazing exposes the peat surface. Once the peat is exposed in these ways, it is prone to further erosion by wind, water and livestock. The result is overhanging vegetation and peat. Hags are too steep and unstable for vegetation to establish itself, so they continue to erode unless restorative action

1190-566: A gold for the 15-year-old Scottish oak wood finish for "best wood finish" by the Stockholm Beer and Whisky Festival. Glengoyne 17-year-old was voted "World's Best Single Highland Malt" in the "Best of the Best" whisky tasting , organised by Whisky Magazine . Due to the rapid growth recently of the Scotch malt whisky industry (recent figures indicate a 9% growth in 2002) and of the premium whisky market as

1309-406: A higher proportion of their incomes on these commodities, so such exemptions make the tax more progressive. This is the classic "You pay for what you spend" tax, as only those who spend money on non-exempt (i.e. luxury) items pay the tax. A small number of U.S. states rely entirely on sales taxes for state revenue, as those states do not levy a state income tax. Such states tend to have a moderate to

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1428-638: A higher tax rate. Historically, in many countries, a contract needs to have a stamp affixed to make it valid. The charge for the stamp is either a fixed amount or a percentage of the value of the transaction. In most countries, the stamp has been abolished but stamp duty remains. Stamp duty is levied in the UK on the purchase of shares and securities, the issue of bearer instruments, and certain partnership transactions. Its modern derivatives, stamp duty reserve tax and stamp duty land tax , are respectively charged on transactions involving securities and land. Stamp duty has

1547-497: A large amount of tourism or inter-state travel that occurs within their borders, allowing the state to benefit from taxes from people the state would otherwise not tax. In this way, the state is able to reduce the tax burden on its citizens. The U.S. states that do not levy a state income tax are Alaska, Tennessee, Florida, Nevada, South Dakota, Texas, Washington state, and Wyoming. Additionally, New Hampshire and Tennessee levy state income taxes only on dividends and interest income. Of

1666-483: A local historian writing that the smoke of "illicit stills" was visible in the area in the early 19th century. The distillery began distilling in 1833 and was known as the Burnfoot distillery . It was originally owned by George Connell who built the distillery and took out a lease on the surrounding land, on which was built a warehouse which is still in use today. In 1876 the distillery was sold, by Archiball G. MacLellen, to

1785-553: A particular amount. Such upper or lower limits may apply for retirement but not for health-care components of the tax. Some have argued that such taxes on wages are a form of "forced savings" and not really a tax, while others point to redistribution through such systems between generations (from newer cohorts to older cohorts) and across income levels (from higher income levels to lower income-levels) which suggests that such programs are really taxed and spending programs. Unemployment and similar taxes are often imposed on employers based on

1904-625: A result of market forces . Certain countries (usually small in size or population, which results in a smaller infrastructure and social expenditure) function as tax havens by imposing minimal taxes on the personal income of individuals and corporate income. These tax havens attract capital from abroad (particularly from larger economies) while resulting in loss of tax revenues within other non-haven countries (through base erosion and profit shifting ). Legal and economic definitions of taxes differ, such that many transfers to governments are not considered taxes by economists. For example, some transfers to

2023-496: A result of peat drainage, the organic carbon—which built over thousands of years and is normally underwater—is suddenly exposed to the air. It decomposes and turns into carbon dioxide (CO 2 ), which is released into the atmosphere. The global CO 2 emissions from drained peatlands have increased from 1,058 Mton in 1990 to 1,298 Mton in 2008 (a 20% increase). This increase has particularly taken place in developing countries, of which Indonesia , Malaysia and Papua New Guinea are

2142-511: A single-rate form of taxation regardless of ability to pay (the Community Charge , but more popularly referred to as the Poll Tax), led to widespread refusal to pay and to incidents of civil unrest, known colloquially as the ' Poll Tax Riots '. Some types of taxes have been proposed but not actually adopted in any major jurisdiction. These include: An ad valorem tax is one where the tax base

2261-490: A small increase in carbon dioxide uptake, meaning that it contributes to the permafrost carbon feedback . Under 2 °C global warming , 0.7 million km of peatland permafrost could thaw, and with warming of +1.5 to 6 °C a cumulative 0.7 to 3 PgC of methane could be released as a result of permafrost peatland thaw by 2100. The forcing from these potential emissions would be approximately equivalent to 1% of projected anthropogenic emissions. One characteristic of peat

2380-437: A tax on net worth (assets minus liabilities), as a percentage of the net worth, or a percentage of the net worth exceeding a certain level. The tax may be levied on " natural " or " legal persons. " A value-added tax (VAT), also known as Goods and Services Tax (GST), Single Business Tax, or Turnover Tax in some countries, applies the equivalent of a sales tax to every operation that creates value. To give an example, sheet steel

2499-539: A tenth of the total permafrost area, and also a tenth (185 ± 66 Gt) of all permafrost carbon, equivalent to around half of the carbon stored in the atmosphere. Dry peat is a good insulator (with a thermal conductivity of around 0.25 Wm K ) and therefore plays an important role in protecting permafrost from thaw. The insulating effect of dry peat also makes it integral to unique permafrost landforms such as palsas and permafrost peat plateaus. Peatland permafrost thaw tends to result in an increase in methane emissions and

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2618-649: A whole, Glengoyne is mainly marketed in the UK, Scandinavian, French, German and USA markets. Coordinates: 56°00′51″N 4°21′50″W  /  56.01403°N 4.36378°W  / 56.01403; -4.36378  ( Glengoyne Distillery ) Tax A tax is a mandatory financial charge or levy imposed on a taxpayer (an individual or legal entity ) by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities . Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying

2737-493: Is a per unit tax, where the tax base is the quantity of something, regardless of its price. An excise tax is an example. Consumption tax refers to any tax on non-investment spending and can be implemented by means of a sales tax, consumer value-added tax, or by modifying an income tax to allow for unlimited deductions for investment or savings. This includes natural resources consumption tax , greenhouse gas tax (i.e. carbon tax ), "sulfuric tax", and others. The stated purpose

2856-430: Is a distinction between an estate tax and an inheritance tax: the former taxes the personal representatives of the deceased, while the latter taxes the beneficiaries of the estate. However, this distinction does not apply in other jurisdictions; for example, if using this terminology UK inheritance tax would be an estate tax. An expatriation tax is a tax on individuals who renounce their citizenship or residence. The tax

2975-590: Is a full VAT. The province of Quebec collects the Quebec Sales Tax [QST] which is based on the GST with certain differences. Most businesses can claim back the GST, HST, and QST they pay, and so effectively it is the final consumer who pays the tax. An excise duty is an indirect tax imposed upon goods during the process of their manufacture, production or distribution, and is usually proportionate to their quantity or value. Excise duties were first introduced into England in

3094-442: Is a general tax levied periodically on residents who own personal property (personalty) within the jurisdiction. Vehicle and boat registration fees are subsets of this kind of tax. The tax is often designed with blanket coverage and large exceptions for things like food and clothing. Household goods are often exempt when kept or used within the household. Any otherwise non-exempt object can lose its exemption if regularly kept outside

3213-589: Is a tax on the consumption of carbon-based non-renewable fuels, such as petrol, diesel-fuel, jet fuels, and natural gas. The object is to reduce the release of carbon into the atmosphere. In the United Kingdom, vehicle excise duty is an annual tax on vehicle ownership. An import or export tariff (also called customs duty or impost) is a charge for the movement of goods through a political border. Tariffs discourage trade , and they may be used by governments to protect domestic industries. A proportion of tariff revenues

3332-426: Is also possible to levy a tax on tax, as with a gross receipts tax . In economic terms ( circular flow of income ), taxation transfers wealth from households or businesses to the government. This affects economic growth and welfare , which can be increased (known as fiscal multiplier ) or decreased (known as excess burden of taxation ). Consequently, taxation is a highly debated topic by some, as although taxation

3451-487: Is also reported that peat regrowth takes place only in 30–40% of peatlands. Centuries of burning and draining of peat by humans has released a significant amount of CO 2 into the atmosphere, and much peatland restoration is needed to help limit climate change . Peat forms when plant material does not fully decay in acidic and anaerobic conditions. It is composed mainly of wetland vegetation: principally bog plants including mosses , sedges and shrubs. As it accumulates,

3570-440: Is an ad valorem tax levy on the value of a property that the owner of the property is required to pay to a government in which the property is situated. Multiple jurisdictions may tax the same property. There are three general varieties of property: land, improvements to land (immovable human-made things, e.g. buildings), and personal property (movable things). Real estate or realty is the combination of land and improvements to

3689-472: Is available in considerable quantities. It is burned to produce heat and electricity . Peat provides around 4% of Finland's annual energy production. Also, agricultural and forestry-drained peat bogs actively release more CO 2 annually than is released in peat energy production in Finland. The average regrowth rate of a single peat bog, however, is indeed slow, from 1,000 up to 5,000 years. Furthermore, it

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3808-484: Is considered the most viable option to operate the government (instead of widespread state ownership of the means of production ), as taxation enables the government to generate revenue without heavily interfering with the market and private businesses; taxation preserves the efficiency and productivity of the private sector by allowing individuals and companies to make their own economic decisions, engage in flexible production , competition , and innovation as

3927-547: Is cut by hand and left to dry in the sun. In many countries, including Ireland and Scotland , peat was traditionally stacked to dry in rural areas and used for cooking and domestic heating. This tradition can be traced back to the Roman period. For industrial uses, companies may use pressure to extract water from the peat, which is soft and easily compressed. In Sweden, farmers use dried peat to absorb excrement from cattle that are wintered indoors. The most essential property of peat

4046-433: Is deemed necessary by consensus for society to function and grow in an orderly and equitable manner through the government provision of public goods and public services , others such as libertarians and anarcho-capitalists are anti-taxation and denounce taxation broadly or in its entirety, classifying taxation as theft or extortion through coercion along with the use of force . Within market economies, taxation

4165-464: Is economically justified, as it will not deter production, distort market mechanisms or otherwise create deadweight losses the way other taxes do. When real estate is held by a higher government unit or some other entity not subject to taxation by the local government, the taxing authority may receive a payment in lieu of taxes to compensate it for some or all of the foregone tax revenues. In many jurisdictions (including many American states), there

4284-423: Is either fibric, hemic, or sapric. Fibric peats are the least decomposed and consist of intact fibre. Hemic peats are partially decomposed and sapric are the most decomposed. Phragmites peat are composed of reed grass, Phragmites australis , and other grasses. It is denser than many other types of peat. Engineers may describe a soil as peat which has a relatively high percentage of organic material. This soil

4403-701: Is estimated that in 1997, peat and forest fires in Indonesia released between 0.81 and 2.57 gigatonnes (0.89 and 2.83 billion short tons; 0.80 and 2.53 billion long tons) of carbon; equivalent to 13–40 percent of the amount released by global fossil fuel burning, and greater than the carbon uptake of the world's biosphere. These fires may be responsible for the acceleration in the increase in carbon dioxide levels since 1998. More than 100 peat fires in Kalimantan and East Sumatra have continued to burn since 1997; each year, these peat fires ignite new forest fires above

4522-495: Is generally a gain on sale of capital assets—that is, those assets not held for sale in the ordinary course of business. Capital assets include personal assets in many jurisdictions. Some jurisdictions provide preferential rates of tax or only partial taxation for capital gains. Some jurisdictions impose different rates or levels of capital-gains taxation based on the length of time the asset was held. Because tax rates are often much lower for capital gains than for ordinary income, there

4641-465: Is imported by a machine manufacturer. That manufacturer will pay the VAT on the purchase price, remitting that amount to the government. The manufacturer will then transform the steel into a machine, selling the machine for a higher price to a wholesale distributor. The manufacturer will collect the VAT on the higher price but will remit to the government only the excess related to the "value-added" (the price over

4760-537: Is named FairTax . In Canada, the federal sales tax is called the Goods and Services Tax (GST) and now stands at 5%. The provinces of British Columbia, Saskatchewan, Manitoba, and Prince Edward Island also have a provincial sales tax [PST]. The provinces of Nova Scotia, New Brunswick, Newfoundland & Labrador, and Ontario have harmonized their provincial sales taxes with the GST—Harmonized Sales Tax [HST], and thus

4879-528: Is often hypothecated to pay the government to maintain a navy or border police. The classic ways of cheating a tariff are smuggling or declaring a false value of goods. Tax, tariff and trade rules in modern times are usually set together because of their common impact on industrial policy , investment policy , and agricultural policy . A trade bloc is a group of allied countries agreeing to minimize or eliminate tariffs against trade with each other, and possibly to impose protective tariffs on imports from outside

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4998-526: Is often imposed based on a deemed disposition of all the individual's property. One example is the United States under the American Jobs Creation Act , where any individual who has a net worth of $ 2 million or an average income-tax liability of $ 127,000 who renounces his or her citizenship and leaves the country is automatically assumed to have done so for tax avoidance reasons and is subject to

5117-413: Is one of the most common components in peat, although many other plants can contribute. The biological features of sphagnum mosses act to create a habitat aiding peat formation, a phenomenon termed 'habitat manipulation'. Soils consisting primarily of peat are known as histosols . Peat forms in wetland conditions, where flooding or stagnant water obstructs the flow of oxygen from the atmosphere, slowing

5236-483: Is problematic because it exhibits poor consolidation properties—it cannot be easily compacted to serve as a stable foundation to support loads, such as roads or buildings. In a widely cited article, Joosten and Clarke (2002) described peatlands or mires (which they say are the same) as the most widespread of all wetland types in the world, representing 50 to 70% of global wetlands. They cover over 4 million square kilometres [1.5 million square miles] or 3% of

5355-497: Is retaining moisture in container soil when it is dry while preventing the excess water from killing roots when it is wet. Peat can store nutrients although it is not fertile itself—it is polyelectrolytic with a high ion-exchange capacity due to its oxidized lignin. Peat is discouraged as a soil amendment by the Royal Botanic Gardens, Kew , England, since 2003. While bark or coir -based peat-free potting soil mixes are on

5474-672: Is situated at Dumgoyne , on the south-western edge of the Scottish Highlands , close to Loch Lomond and to the north of Glasgow . Although distilled in the Highlands, making Glengoyne a Highland single malt , the whisky is matured in the Lowlands . This is because the distillery itself sits upon the Highland Line , the division between the Highlands and Lowlands of Scotland which splits the distillery in two. The boundary line runs underneath

5593-486: Is sometimes called a net wealth tax . Recurrent property taxes may be imposed on immovable property (real property) and on some classes of movable property. In addition, recurrent taxes may be imposed on the net wealth of individuals or corporations. Many jurisdictions impose inheritance tax on property at time of inheritance or gift tax at the time of gift transfer. Some jurisdictions impose taxes on financial or capital transactions . A property tax (or millage tax)

5712-629: Is sometimes used in freshwater aquaria . It is seen most commonly in soft water or blackwater river systems such as those mimicking the Amazon River basin. In addition to being soft and therefore suitable for demersal (bottom-dwelling) species such as Corydoras catfish, peat is reported to have many other beneficial functions in freshwater aquaria. It softens water by acting as an ion exchanger ; it also contains substances that are beneficial for plants and fishes' reproductive health. Peat can prevent algae growth and kill microorganisms. Peat often stains

5831-722: Is taken. In June 2002, the United Nations Development Programme launched the Wetlands Ecosystem and Tropical Peat Swamp Forest Rehabilitation Project. This project was targeted to last for five years, and brings together the efforts of various non-government organisations. In November 2002, the International Peatland (formerly Peat) Society (IPS) and the International Mire Conservation Group (IMCG) published guidelines on

5950-565: Is the average depth of the boreal [northern] peatlands", which store around 415 gigatonnes (Gt) of carbon (about 46 times 2019 global CO 2 emissions). Globally, peat stores up to 550 Gt of carbon, 42% of all soil carbon , which exceeds the carbon stored in all other vegetation types, including the world's forests, although it covers just 3% of the land's surface. Peat is not a renewable source of energy , due to its extraction rate in industrialized countries far exceeding its slow regrowth rate of 1 mm (0.04 in) per year, and as it

6069-401: Is the bioaccumulation of metals concentrated in the peat. Accumulated mercury is of significant environmental concern. Large areas of organic wetland (peat) soils are currently drained for agriculture, forestry and peat extraction (i.e. through canals ). This process is taking place all over the world. This not only destroys the habitat of many species but also heavily fuels climate change. As

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6188-407: Is the most efficient carbon sink on the planet , because peatland plants capture carbon dioxide (CO 2 ) naturally released from the peat, maintaining an equilibrium. In natural peatlands, the "annual rate of biomass production is greater than the rate of decomposition", but it takes "thousands of years for peatlands to develop the deposits of 1.5 to 2.3 m [4.9 to 7.5 ft], which

6307-439: Is the value of a good, service, or property. Sales taxes, tariffs, property taxes, inheritance taxes, and value-added taxes are different types of ad valorem tax. An ad valorem tax is typically imposed at the time of a transaction (sales tax or value-added tax (VAT)) but it may be imposed on an annual basis (property tax) or in connection with another significant event (inheritance tax or tariffs). In contrast to ad valorem taxation

6426-399: Is to reduce the environmental impact by repricing . Economists describe environmental impacts as negative externalities . As early as 1920, Arthur Pigou suggested a tax to deal with externalities (see also the section on Increased economic welfare below). The proper implementation of environmental taxes has been the subject of a long-lasting debate. An important feature of tax systems is

6545-412: Is widespread controversy and dispute about the proper definition of capital. Corporate tax refers to income tax, capital tax, net-worth tax, or other taxes imposed on corporations. Rates of tax and the taxable base for corporations may differ from those for individuals or for other taxable persons. Many countries provide publicly funded retirement or healthcare systems. In connection with these systems,

6664-453: The "Wise Use of Mires and Peatlands – Backgrounds and Principles including a framework for decision-making" . This publication aims to develop mechanisms that can balance the conflicting demands on the global peatland heritage to ensure its wise use to meet the needs of humankind. In June 2008, the IPS published the book Peatlands and Climate Change , summarising the currently available knowledge on

6783-564: The Edrington Group . In 1966 and 1967 the number of stills was increased from two to three as the distillery underwent a rebuilding project. In 1984 the Lang Brothers became suppliers of whiskies to the then Queen Mother, Her Majesty Queen Elizabeth 's household. The Royal Warrant has since been delegated to Ian Macleod and is featured on all Glengoyne products. In April 2003, Ian Macleod Distillers Ltd. acquired Glengoyne Distillery, and

6902-805: The Falkland Islands and Indonesia ( Kalimantan [Sungai Putri, Danau Siawan, Sungai Tolak], Rasau Jaya ( West Kalimantan ) and Sumatra ). Indonesia has more tropical peatlands and mangrove forests than any other nation on earth, but Indonesia is losing wetlands by 100,000 hectares (250,000 acres) per year. A catalog of the peat research collection at the University of Minnesota Duluth provides references to research on worldwide peat and peatlands. About 7% of all peatlands have been exploited for agriculture and forestry . Under certain conditions, peat will turn into lignite coal over geologic periods of time. Peat can be used as fuel once dried. Traditionally, peat

7021-933: The West Siberian Lowland , the Hudson Bay Lowlands and the Mackenzie River Valley. There is less peat in the Southern Hemisphere, in part because there is less land. The world's largest tropical peatland is located in Africa (the Democratic Republic of Congo). In addition, the vast Magellanic Moorland in South America (Southern Patagonia / Tierra del Fuego ) is an extensive peat-dominated landscape. Peat can be found in New Zealand , Kerguelen ,

7140-472: The customs house , and revenue derived from that source is called excise revenue proper. The fundamental conception of the term is that of a tax on articles produced or manufactured in a country. In the taxation of such articles of luxury as spirits , beer, tobacco, and cigars, it has been the practice to place a certain duty on the importation of these articles (a customs duty ). Excises (or exemptions from them) are also used to modify consumption patterns of

7259-402: The elderly , unemployment benefits , transfer payments , subsidies and public transportation . Energy , water and waste management systems are also common public utilities . According to the proponents of the chartalist theory of money creation , taxes are not needed for government revenue, as long as the government in question is able to issue fiat money . According to this view,

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7378-580: The tanning properties of the acidic water, as well as by the antibiotic properties of the organic component sphagnan. A famous example is the Tollund Man in Denmark. Having been discovered in 1950 after being mistaken for a recent murder victim, he was exhumed for scientific purposes and dated to have lived during the 4th century BC. Before that, another bog body, the Elling Woman , had been discovered in 1938 in

7497-443: The 'Glengoyne Single Malt' and 'Langs Blended Whisky' brands. The acquisition of Glengoyne Distillery meant that Ian Macleod became a fully integrated distiller, blender and bottler. Under Ian Macleod, Glengoyne saw a vast increase in output capacity as well as a similar rise in sales. Speaking of the acquisition and planned expansions in 2003, Leonard Russell, managing director for Ian Macleod stated "We'll be aiming to increase sales of

7616-634: The A81 road from Glasgow to Aberfoyle and passes in front of the distillery with the warehouses located to the southwest of the road. Glengoyne is located immediately adjacent the West Highland Way, the most popular long walk in Scotland, and regularly enjoys visits from hikers. Glengoyne is regularly referred to as the "most beautiful distillery in Scotland". The distillery has been in continuous operation producing Highland single malt whisky for over 175 years with

7735-505: The Glengoyne from the current level of 450,000 litres to one million litres next year". Later, speaking in 2005 Russell stated "we continue to make whisky exactly the same way at Glengoyne". The original warehouse built by George Connell is still on the site, as the shop and visitor reception area. Today, Glengoyne has eight working warehouses with a total capacity of nearly two million litres (4.5 million bottles) or spirit. Glengoyne Distillery

7854-616: The Lang Brothers who were based in Glasgow. It is stated that the Langs intended to name the distillery Glengoyne , but due to a mistake by a clerk it was recorded as Glen Guin . In 1894, or 1905 it was changed to Glengoyne which comes from 'Glenguin' or 'Glen of the Wild Geese'. The distillery remained with the Lang Brothers until taken over by the Robertson & Baxter Group in 1965, who later became

7973-537: The West Siberian peatland. Palsa mires have a rich bird life and are an EU-red listed habitat, and in Canada riparian peat banks are used as maternity sites for polar bears. Natural peatlands also have many species of wild orchids and carnivorous plants. For more on biological communities, see wetland , bog or fen . Around half of the area of northern peatlands is permafrost -affected, and this area represents around

8092-545: The above states, only Alaska and New Hampshire do not levy a state sales tax. Additional information can be obtained at the Federation of Tax Administrators website. In the United States, there is a growing movement for the replacement of all federal payroll and income taxes (both corporate and personal) with a national retail sales tax and monthly tax rebate to households of citizens and legal resident aliens. The tax proposal

8211-485: The arts , public works , distribution , data collection and dissemination , public insurance , and the operation of government itself. A government's ability to raise taxes is called its fiscal capacity . When expenditures exceed tax revenue , a government accumulates government debt . A portion of taxes may be used to service past debts. Governments also use taxes to fund welfare and public services . These services can include education systems , pensions for

8330-412: The bloc. A customs union has a common external tariff , and the participating countries share the revenues from tariffs on goods entering the customs union. In some societies, tariffs also could be imposed by local authorities on the movement of goods between regions (or via specific internal gateways). A notable example is the likin , which became an important revenue source for local governments in

8449-522: The bogland remains constantly wet which helps promote peat production. Most modern peat bogs formed 12,000 years ago in high latitudes after the glaciers retreated at the end of the last ice age . Peat usually accumulates slowly at the rate of about a millimetre per year. The estimated carbon content is 415 gigatonnes (457 billion short tons) (northern peatlands), 50 Gt (55 billion short tons) ( tropical peatlands ) and 15 Gt (17 billion short tons) (South America). Peat material

8568-546: The capital of Moscow with a toxic smoke blanket . The situation remained critical until the end of August 2010. In June 2019, despite some forest fire prevention methods being put in place, peat fires in the Arctic emitted 50 megatonnes (55 million short tons; 49 million long tons) of CO 2 , which is equal to Sweden's total annual emissions. The peat fires are linked to climate change, as they are much more likely to occur nowadays due to this effect. Peat "hags" are

8687-428: The concept of peat archives, a phrase coined by influential peatland scientist Harry Godwin in 1981. In a peat profile there is a fossilized record of changes over time in the vegetation, pollen, spores, animals (from microscopic to the giant elk), and archaeological remains that have been deposited in place, as well as pollen, spores and particles brought in by wind and weather. These remains are collectively termed

8806-421: The cost of the licence required to distil, and the duty payable on spirit sales. Shortly after the introduction of the 'Excise Act of 1823' (or 'Walsh Act') the first of these illicit stills came into official existence, with Glengoyne following later in 1833. Although Glengoyne only officially existed from 1833 and no records exist from before this date, it is believed that distilling on the site pre-dates that with

8925-404: The cost of the sheet steel). The wholesale distributor will then continue the process, charging the retail distributor the VAT on the entire price to the retailer, but remitting only the amount related to the distribution mark-up to the government. The last VAT amount is paid by the eventual retail customer who cannot recover any of the previously paid VAT. For a VAT and sales tax of identical rates,

9044-407: The country typically requires employers or employees to make compulsory payments. These payments are often computed by reference to wages or earnings from self-employment. Tax rates are generally fixed, but a different rate may be imposed on employers than on employees. Some systems provide an upper limit on earnings subject to the tax. A few systems provide that the tax is payable only on wages above

9163-422: The effect of discouraging speculative purchases of assets by decreasing liquidity. In the United States , transfer tax is often charged by the state or local government and (in the case of real property transfers) can be tied to the recording of the deed or other transfer documents. Some countries' governments will require a declaration of the taxpayers' balance sheet (assets and liabilities), and from that exact

9282-460: The estates of the deceased. In contrast with a tax on real estate (land and buildings), a land-value tax (or LVT) is levied only on the unimproved value of the land ("land" in this instance may mean either the economic term, i.e., all-natural resources, or the natural resources associated with specific areas of the Earth's surface: "lots" or "land parcels"). Proponents of the land-value tax argue that it

9401-452: The fastest-growing top emitters. This estimate excludes emissions from peat fires (conservative estimates amount to at least 4,000 Mton/CO 2 -eq./yr for south-east Asia). With 174 Mton/CO 2 -eq./yr, the EU is after Indonesia (500 Mton) and before Russia (161 Mton), the world's second-largest emitter of drainage-related peatland CO 2 (excl. extracted peat and fires). Total CO 2 emissions from

9520-756: The government expenditure of taxes raised is often highly debated in politics and economics . Tax collection is performed by a government agency such as the Internal Revenue Service (IRS) in the United States , His Majesty's Revenue and Customs (HMRC) in the United Kingdom , the Canada Revenue Agency or the Australian Taxation Office . When taxes are not fully paid, the state may impose civil penalties (such as fines or forfeiture ) or criminal penalties (such as incarceration ) on

9639-596: The ground. In North America, peat fires can occur during severe droughts throughout their occurrence, from boreal forests in Canada to swamps and fens in the subtropical southern Florida Everglades . Once a fire has burnt through the area, hollows in the peat are burnt out, and hummocks are desiccated but can contribute to Sphagnum recolonization. In the summer of 2010, an unusually high heat wave of up to 40 °C (104 °F) ignited large deposits of peat in Central Russia, burning thousands of houses and covering

9758-506: The household. Thus, tax collectors often monitor newspaper articles for stories about wealthy people who have lent art to museums for public display, because the artworks have then become subject to personal property tax. If an artwork had to be sent to another state for some touch-ups, it may have become subject to personal property tax in that state as well. Inheritance tax, also called estate tax, are taxes that arise for inheritance or inherited income. In United States tax law , there

9877-483: The individual characteristics of the taxpayer, whereas indirect taxes are levied on transactions irrespective of the circumstances of buyer or seller." According to this definition, for example, income tax is "direct", and sales tax is "indirect". Peat Peat is an accumulation of partially decayed vegetation or organic matter . It is unique to natural areas called peatlands , bogs , mires , moors , or muskegs . Sphagnum moss, also called peat moss,

9996-512: The jurisdiction, which tax-law principles in the jurisdiction may modify or replace. The incidence of taxation varies by system, and some systems may be viewed as progressive or regressive . Rates of tax may vary or be constant (flat) by income level. Many systems allow individuals certain personal allowances and other non-business reductions to taxable income, although business deductions tend to be favored over personal deductions. Tax-collection agencies often collect personal income tax on

10115-604: The land and freshwater surface of the planet. In these ecosystems are found one third of the world's soil carbon and 10% of global freshwater resources. These ecosystems are characterized by the unique ability to accumulate and store dead organic matter from Sphagnum and many other non-moss species, as peat, under conditions of almost permanent water saturation. Peatlands are adapted to the extreme conditions of high water and low oxygen content, of toxic elements and low availability of plant nutrients. Their water chemistry varies from alkaline to acidic. Peatlands occur on all continents, from

10234-730: The land. Property taxes are usually charged on a recurrent basis (e.g., yearly). A common type of property tax is an annual charge on the ownership of real estate , where the tax base is the estimated value of the property. For a period of over 150 years from 1695, the government of England levied a window tax , with the result that one can still see listed buildings with windows bricked up in order to save their owner's money. A similar tax on hearths existed in France and elsewhere, with similar results. The two most common types of event-driven property taxes are stamp duty , charged upon change of ownership, and inheritance tax , which many countries impose on

10353-504: The late Qing China . Occupational taxes or license fees may be imposed on businesses or individuals engaged in certain businesses. Many jurisdictions impose a tax on vehicles. A poll tax, also called a per capita tax , or capitation tax , is a tax that levies a set amount per individual. It is an example of the concept of fixed tax . One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16)

10472-475: The loss, such that business losses can only be deducted against business income tax by carrying forward the loss to later tax years. In economics, a negative income tax (abbreviated NIT) is a progressive income tax system where people earning below a certain amount receive supplemental payment from the government instead of paying taxes to the government. Most jurisdictions imposing an income tax treat capital gains as part of income subject to tax. Capital gain

10591-501: The main source of water for large cities, including Dublin. Peat wetlands also used to have a degree of metallurgical importance in the Early Middle Ages , being the primary source of bog iron used to create swords and armour. Many peat swamps along the coast of Malaysia serve as a natural means of flood mitigation, with any overflow being absorbed by the peat, provided forests are still present to prevent peat fires. Peat

10710-586: The non-paying entity or individual. The levying of taxes aims to raise revenue to fund governing , to alter prices in order to affect demand , or to regulate some form of cost or benefit . States and their functional equivalents throughout history have used the money provided by taxation to carry out many functions. Some of these include expenditures on economic infrastructure ( roads , public transportation , sanitation , legal systems , public security , public education , public health systems ), military , scientific research & development , culture and

10829-540: The peat archives. In Quaternary Palaeoecology , first published in 1980, Birks and Birks described how paleoecological studies "of peat can be used to reveal what plant communities were present (locally and regionally), what period each community occupied, how environmental conditions changed, and how the environment affected the ecosystem in that time and place." Scientists continue to compare modern mercury (Hg) accumulation rates in bogs with historical natural archives records in peat bogs and lake sediments to estimate

10948-433: The peat holds water. This slowly creates wetter conditions that allow the area of wetland to expand. Peatland features can include ponds, ridges and raised bogs . The characteristics of some bog plants actively promote bog formation. For example, sphagnum mosses actively secrete tannins , which preserve organic material. Sphagnum also have special water-retaining cells, known as hyaline cells, which can release water ensuring

11067-417: The percentage of the tax burden as it relates to income or consumption. The terms progressive, regressive, and proportional are used to describe the way the rate progresses from low to high, from high to low, or proportionally. The terms describe a distribution effect, which can be applied to any type of tax system (income or consumption) that meets the definition. The terms can also be used to apply meaning to

11186-627: The potential human impacts on the biogeochemical cycle of mercury, for example. Over the years, different dating models and technologies for measuring date sediments and peat profiles accumulated over the last 100–150 years, have been used, including the widely used vertical distribution of 210Pb, the inductively coupled plasma mass spectrometry (ICP-SMS), and more recently the initial penetration (IP). Naturally mummified human bodies, often called " bog bodies " have been found in various places in Scotland, England, Ireland, and especially northern Germany and Denmark. They are almost perfectly preserved by

11305-441: The presence of a heat source (e.g., a wildfire penetrating the subsurface), it smoulders. These smouldering fires can burn undetected for very long periods of time (months, years, and even centuries) propagating in a creeping fashion through the underground peat layer. Despite the damage that the burning of raw peat can cause, bogs are naturally subject to wildfires and depend on the wildfires to keep woody competition from lowering

11424-458: The public sector are comparable to prices. Examples include tuition at public universities and fees for utilities provided by local governments. Governments also obtain resources by "creating" money and coins (for example, by printing bills and by minting coins), through voluntary gifts (for example, contributions to public universities and museums), by imposing penalties (such as traffic fines ), by borrowing and confiscating criminal proceeds. From

11543-440: The purpose of taxation is to maintain the stability of the currency, express public policy regarding the distribution of wealth, subsidizing certain industries or population groups or isolating the costs of certain benefits, such as highways or social security. The Organisation for Economic Co-operation and Development (OECD) publishes an analysis of the tax systems of member countries. As part of such analysis, OECD has developed

11662-640: The rate of decomposition. Peat properties such as organic matter content and saturated hydraulic conductivity can exhibit high spatial heterogeneity . Peatlands, particularly bogs , are the primary source of peat; although less common, other wetlands, including fens , pocosins and peat swamp forests , also deposit peat. Landscapes covered in peat are home to specific kinds of plants, including Sphagnum moss, ericaceous shrubs and sedges . Because organic matter accumulates over thousands of years, peat deposits provide records of past vegetation and climate by preserving plant remains, such as pollen. This allows

11781-545: The reconstruction of past environments and the study of land-use changes. Peat is used by gardeners and for horticulture in certain parts of the world, but this is being banned in some places. By volume, there are about 4 trillion cubic metres of peat in the world. Over time, the formation of peat is often the first step in the geological formation of fossil fuels such as coal , particularly low-grade coal such as lignite . The peatland ecosystem covers 3.7 million square kilometres (1.4 million square miles) and

11900-614: The rewetting of peatlands and revegetation of native species. This acts to mitigate carbon release in the short term before the new growth of vegetation provides a new source of organic litter to fuel the peat formation in the long term. UNEP is supporting peatland restoration in Indonesia. Latvia has been the biggest exporter of peat in the world by volume, providing more than 19.9% of the world's volume, followed only by Canada with 13% in 2022. In 2020, Latvia exported 1.97 million tons of peat, followed by Germany with 1.5 and Canada with 1.42 million tons. Nevertheless, although first in

12019-484: The right amount of tax at the right time and securing the correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and may be paid in money or as labor equivalent. All countries have a tax system in place to pay for public, common societal, or agreed national needs and for the functions of government. Some countries levy

12138-509: The rise, particularly in the UK, peat is still used as raw material for horticulture in some other European countries, Canada, as well as parts of the United States. Peatland can also be an essential source of drinking water , providing nearly 4% of all potable water stored in reservoirs . In the UK, 43% of the population receives drinking water sourced from peatlands, with the number climbing to 68% in Ireland. Catchments containing peatlands are

12257-611: The same bog about 60 metres (200 ft) from the Tollund Man. She is believed to have lived during the late 3rd century BC and was a ritual sacrifice. In the Bronze and Iron Ages, people used peat bogs for rituals to nature gods and spirits. The distinctive ecological conditions of peat wetlands provide a habitat for distinctive fauna and flora. For example, whooping cranes nest in North American peatlands, whilst Siberian cranes nest in

12376-507: The state whilst 23% belong to the municipalities Bogs in Latvia are considered important habitats due to their ecological values, and up to 128,000 hectares, or 40% of the areas in the territory, are protected by environmental laws. The most famous national parks and reserves are the Ķemeri National Park , Cenas tīrelis and Teiči Nature Reserve . The climate, geography and environment of Finland favours bog and peat bog formation. Thus, peat

12495-410: The supply of people is in fact not fixed over time: on average, couples will choose to have fewer children if a poll tax is imposed. The introduction of a poll tax in medieval England was the primary cause of the 1381 Peasants' Revolt . Scotland was the first to be used to test the new poll tax in 1989 with England and Wales in 1990. The change from progressive local taxation based on property values to

12614-516: The taxation of select consumption, such as a tax on luxury goods and the exemption of basic necessities may be described as having progressive effects as it increases a tax burden on high end consumption and decreases a tax burden on low end consumption. Taxes are sometimes referred to as "direct taxes" or "indirect taxes". The meaning of these terms can vary in different contexts, which can sometimes lead to confusion. An economic definition, by Atkinson, states that "...direct taxes may be adjusted to

12733-502: The topic. In 2010, IPS presented a " Strategy for Responsible Peatland Management ", which can be applied worldwide for decision-making. Peat extraction is forbidden in Chile since April 2024. Often, restoration is done by blocking drainage channels in the peatland, and allowing natural vegetation to recover. Rehabilitation projects undertaken in North America and Europe usually focus on

12852-405: The total payroll. These taxes may be imposed in both the country and sub-country levels. A wealth tax is levied on the total value of personal assets, including: bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts. Liabilities (primarily mortgages and other loans) are typically deducted, hence it

12971-672: The total tax paid is the same, but it is paid at differing points in the process. VAT is usually administrated by requiring the company to complete a VAT return, giving details of VAT it has been charged (referred to as input tax) and VAT it has charged to others (referred to as output tax). The difference between output tax and input tax is payable to the Local Tax Authority. Many tax authorities have introduced automated VAT which has increased accountability and auditability , by utilizing computer systems, thereby also enabling anti-cybercrime offices as well. Sales taxes are levied when

13090-410: The tropical to boreal and Arctic zones from sea level to high alpine conditions. A more recent estimate from an improved global peatland map, PEATMAP, based on a meta-analysis of geospatial information at global, regional and national levels puts global coverage slightly higher than earlier peatland inventories at 4.23 million square kilometres (1.63 million square miles) approximately 2.84% of

13209-415: The use of warm air. The clear and bright appearance and distinctive flavour of the Glengoyne single malts are credited to this lack of peat smoke. This rare characteristic is utilised in the marketing of Glengoyne with the use of the promotional slogan "The authentic taste of malt whisky untainted by peat smoke". As a result of the use of unpeated malt Glengoyne has been noted as being stylistically closer to

13328-443: The view of economists, a tax is a non-penal, yet compulsory transfer of resources from the private to the public sector , levied on a basis of predetermined criteria and without reference to specific benefits received. In modern taxation systems, governments levy taxes in money; but in-kind and corvée taxation are characteristic of traditional or pre- capitalist states and their functional equivalents. The method of taxation and

13447-805: The water table and shading out many bog plants. Several families of plants including the carnivorous Sarracenia (trumpet pitcher), Dionaea (Venus flytrap), Utricularia (bladderworts) and non-carnivorous plants such as the sandhills lily , toothache grass and many species of orchid are now threatened and in some cases endangered from the combined forces of human drainage, negligence and absence of fire. The recent burning of peat bogs in Indonesia, with their large and deep growths containing more than 50 billion tonnes (55 billion short tons; 49 billion long tons) of carbon, has contributed to increases in world carbon dioxide levels. Peat deposits in Southeast Asia could be destroyed by 2040. It

13566-753: The water yellow or brown due to the leaching of tannins . Peat is widely used in balneotherapy (the use of bathing to treat disease). Many traditional spa treatments include peat as part of peloids . Such health treatments have an enduring tradition in European countries, including Poland, the Czech Republic, Germany and Austria. Some of these old spas date back to the 18th century and are still active today. The most common types of peat application in balneotherapy are peat muds , poultices and suspension baths . Authors Rydin and Jeglum in Biology of Habitats described

13685-436: The world by volume, in monetary terms, Latvian comes second in the world behind Canada . As an example, Latvia's income from exports was US$ 237 million. Latvia's peat deposits have been estimated to equal 1.7 billion tons. Latvia, as Finland due its climate has several peat bogs, which account for 9.9% of the country's territory. More than two thirds of the licensed areas for peat extraction are state-owned; 55% belong to

13804-469: The world land area. In Europe, peatlands extend to about 515,000 km (199,000 sq mi). About 60% of the world's wetlands are made of peat. Peat deposits are found in many places around the world, including northern Europe and North America. The North American peat deposits are principally found in Canada and the Northern United States. Some of the world's largest peatlands include

13923-466: The worldwide 500,000 km of degraded peatland may exceed 2.0 Gtons (including emissions from peat fires), which is almost 6% of all global carbon emissions. Peat can be a major fire hazard and is not extinguished by light rain. Peat fires may burn for great lengths of time, or smoulder underground and reignite after winter if an oxygen source is present. Peat has a high carbon content and can burn under low moisture conditions. Once ignited by

14042-509: The year 1643, as part of a scheme of revenue and taxation devised by parliamentarian John Pym and approved by the Long Parliament . These duties consisted of charges on beer, ale, cider, cherry wine, and tobacco, to which list were afterward added paper, soap, candles, malt, hops, and sweets. The basic principle of excise duties was that they were taxes on the production, manufacture, or distribution of articles which could not be taxed through

14161-443: Was a form of the poll tax. Poll taxes are administratively cheap because they are easy to compute and collect and difficult to cheat. Economists have considered poll taxes economically efficient because people are presumed to be in fixed supply and poll taxes, therefore, do not lead to economic distortions. However, poll taxes are very unpopular because poorer people pay a higher proportion of their income than richer people. In addition,

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