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Piligrim Accounting
Providing cloud bookkeeping, corporate tax, and accounting support services & training for businesses across the GTA and Canada.
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Piligrim Accounting Inc.
  • Home
  • About
    • Meet Elena
    • Meet Our Team
    • Frequently Asked Questions
    • Client Reviews
  • Services
    • Cloud Bookkeeping
    • Corporate Tax
    • Business Consulting
    • Training & Education
  • Industries
    • Consultants, Contractors & Professional Services
    • Clinics, Medical & Wellness Practices
    • Retail, Ecommerce & Online Sellers
    • Real Estate, Property & Holding Companies
  • Business Insights
  • Contact
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  • History of Taxation and Taxes

Money does not smell (Pecunia non olet)

  • December 22, 2014

The famous phrase: “money does not smell” is related to the taxes.
In ancient Rome, people had to pay to use public toilets. The urine in public toilets was sold as an essential ingredient in different production processes including bleaching clothes with it.
Roman emperor Vaspasian (ruled 69-79 AD) created a tax on urine. The customers who obtained an urine from the public bathrooms were charged a tax.
Many at first were against this tax including his own son Titus. Once, when Titus rebuked his father, Vespasian brought the coins to the son’s nose and asked whether they smell: “Pecunia non olet”.
When Titus answered “No,” Vaspasian replied, “Yet it comes from urine”

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