History
The city is often threatened by flood tides pushing in from the Adriatic between autumn and early spring. Six hundred years ago, Venetians protected themselves from land-based attacks by diverting all the major rivers flowing into the lagoon and thus preventing sediment from filling the area around the city. This created an ever-deeper lagoon environment.
In 1604, to defray the cost of flood relief, Venice introduced what could be considered the first example of a 'stamp tax'. When the revenue fell short of expectations in 1608, Venice introduced paper with the superscription 'AQ' and imprinted instructions, which was to be used for 'letters to officials'. At first, this was to be a temporary tax, but it remained in effect until the fall of the Republic in 1797. Shortly after the introduction of the tax, Spain produced similar paper for general taxation purposes, and the practice spread to other countries.
Venice is one of the most important tourist destinations in the world for its celebrated art and architecture. The city has an average of 50,000 tourists a day (2007 estimate). In 2006, it was the world's 28th most internationally visited city, with 2.927 million international arrivals that year. It is regarded as one of the world's most beautiful cities.