1 Jan 1795 Jahr - Introduces a tax on retail shops as well as increases on indirect taxes

Beschreibung:

Tax on retail shops was based on annual sales values, but it caused rioting by those who feared price increases, and was repealed in 1789.

Indirect taxes (equivalent of VAT today) increased on a large number of items (e.g. wig powder, servants, houses).

Pitt also attacks smuggling by reducing import duties, encouraging more to avoid the heavy penalties for smuggling and pay the duty and encouraging trade. This was the first step towards free trade.

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