Chapter 264: Mint tax

After some twists and turns, on May 12, 1855, the first currency after the establishment of the New Holy Roman Empire, the New God Holy Roman Empire, the Rhine Shield, was officially issued.
The Vienna government successfully obtained the coinage right, and the reserves of the state governments were unified into the reserve of the Imperial Central Bank, but they were temporarily deposited in each state.
It wasn't that Franz didn't want to be in one step. It was mainly because of the fact that they had just dug a piece of meat from the bowls of the state governments, and it was easy to cause a rebound when they stimulated their nerves.
Since everyone wants to stay in their hands, they stay. Anyway, the central government sends someone to supervise and prohibits anyone from using these reserves.
There is no doubt that the central government that has obtained the coinage right can levy the coinage tax of each state legally. The coinage tax is exactly what its name implies: it is the income obtained after the cost of currency is removed.
Of course, this is the gold standard era, and reserves are still needed. The profit of issuing currency cannot be as large as the credit standard era in the future.
Even so, the coinage tax is also an important part of fiscal revenue. By contrast, tobacco and alcohol taxes are all weak and cannot be compared with them at all.
The British want to establish a "sterling-gold" system, essentially they want to collect the world's coinage tax. Obviously, this requires the recognition of all countries in the world, and everyone must be willing to use the pound to settle in international trade.
There are only two ways to achieve this. Either rely on the mighty strength to overpower everyone, or only through the exchange of interests, let everyone accept the British pound as the international settlement currency.
So far, the British plan has not been successful. The Vienna government has adopted the gold standard system. Unfortunately, the New Holy Roman Empire only recognized gold in international settlement.
What is the pound and can it be eaten?
On this issue, the Government of London and the Government of Vienna have conducted many communications, but in the end they ended up in vain.
The British want to collect the coinage tax, and Franz also wants to collect it! Austria has not been eligible to collect the coinage tax in the world, but it is still collected in the circle of the Holy Roman Economic Union.
Otherwise, why did the Vienna government take risks to reform the gold standard? We need to know that currency reform also consumes costs, and we must bear certain risks.
Judging from the current situation, after the currency reform is completed, the mint revenue of the Vienna government will account for about 0.5 to 2 points of GDP.
The large data gap is mainly due to the domestic economic development. The more the economy is booming, the more currencies are required in the market, and the more the currency tax is.
Of course this is internal, and certainly not so much externally. Franz is also unable to require other countries to not issue currency and use "Aegis", at most let everyone use "Aegis" in foreign trade settlement with the new Holy Roman Empire.
This is a long-term work. In a short period of time, people still use gold and silver for settlement. Aegis is only available inside the new Holy Roman Empire.
It is not easy to convince everyone to join the "Aegis Shield-Gold" system. There is no visible benefit, why should someone pay you this coinage tax?
Once the status of the international currency is determined, the demand for gold reserves will also decrease. Everyone can also rely on the credit of governments to support the value of the currency.
At present, the most mainstream currency is gold and silver. This kind of hard currency is the most widely used. The remaining pounds, francs, and Aegis are ordinary currencies.
The British have already begun to promote the pound. Promoting the reform of the gold standard is the most important part of it. Only when everyone's standards are the same can the pound-gold system be established.
...
The Minister of Finance Karl said in a spirited manner: "Your Majesty, the issue of Aegis is going smoothly, and now we have sufficient gold and silver reserves to handle all fluctuations."
Thanks to the resettlement system of gold and silver in various countries in this era, the Austrian government took silver out of international settlement, and everyone will still be happy to accept it.
It will be difficult to obtain gold from the market after countries abandon the complex standard, and even if the gold in circulation is not enough, then.
Historically, because there was not enough gold in the market, governments of various countries undergoing gold-standard reforms had to compromise with the British and accept the pound-gold system.
Even the gold gap in some countries is too large, and the pound is used as the standard for issuing currencies. The currency value is directly linked to the pound, and the British people's credit is used to guarantee the currency value of the new currency.
This is why it is generally believed that the peak of the British was after the British-Bulgarian war. With the gold in South Africa, most of the gold in the international market fell under British control, and the hegemonic status of the world currency was truly established.
Franz nodded and said: "Don't take it lightly and continue to strengthen the monitoring of the financial market. Once a large outflow of capital is found, start an emergency plan immediately."
Although he doesn't think there will be people doing things at this time, the previous British actions have sounded the alarm for Franz. In order to establish the currency hegemony of the pound, who knows whether the British will come again.
The consortium Carl replied solemnly: "Her Majesty, please be assured. We have sent people to watch the foreign consortiums entering the country, and once they withdraw their capital, we will take action.
Their black materials have been collected, and they will be scooped out at that time, enough to temporarily seize their capital. In severe cases, they can be sent directly to the gallows. "
Who has no dark history for the capitalists of this era? Even after entering Austria, these foreign capitals have somewhat converged, but the blood of capital is still indispensable.
In the normal period, in order to develop the domestic economy, the people do not take the officials into account, these issues have been put on hold, and everyone pretends that they have seen nothing.
Now comes the critical moment. Once these obscure black history is taken out, it is enough to make them unable to eat.
With a criminal record, capital becomes stolen money, which can be finally seized or confiscated according to Austrian law.
Anyway, as long as there is evidence in hand, no matter how old they come from, the Vienna government is fearless.
Franz ordered: "Keep staring at them. If they want to leave at this time, they can first send someone to do their ideological work. If it doesn't work, then use extreme methods.
Attention to the evidence in our hands must be sufficient persuasive. Even if you want to take action, you can only kill chickens and tamarins and catch a few serious actions.
We cannot turn our backs on all the international capitals. We must also pay attention to methods and methods when we act. The government cannot directly go into battle with bare shoulders. "
There is no need, Franz still doesn't want to turn his face with the international capital. This kind of thing is to kill chickens and eggs, as long as he has done it once, there is no chance to come again.
In the future, whether it is to issue bonds in the international market or to attract foreign investment, it is impossible. Even Austria's normal commercial trade with the outside world will be hit by their revenge.
Now that Austria's industrialization process requires foreign capital to add bricks and tiles, these people are of value.
If they are killed suddenly, even if the government gets a lot of cash, there is no way to achieve the same result.
"Yes, Your Majesty!" Carl replied cautiously.
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