Land Tax established Flashcards
1
Q
Land Tax established:
Date
A
1692
2
Q
Land Tax established:
Summary
A
Provided for around a 1/3 of all required funds needed for the Nine Years’ War.
Yielded £1 million in its first year.
3
Q
Land Tax established:
SIgnificance
A
The landed elites were most liable to pay this tax and the efficiency with which it was collected suggests that the war had the unspoken approval of many of them.
Administrative revolution was taking place.
- Unprecedented levels of taxation meant that royal income doubled after 1688.