By Marjolein 't Hart, Joost Jonker, Jan Luiten van Zanden
This ebook is the 1st complete evaluation of Dutch monetary background from the 16th century to the current day. it really is replete with facts and figures drawn from clean study for the major components that decided the advance of public finance, forex and banking. It offers a step by step description of the evolution of the monetary structures in a single of the pioneer nations of recent finance.
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Additional resources for A Financial History of the Netherlands
4). 4 were the local taxes (such as duties for drainage boards, town taxes and tolls), the extraordinary impositions, and the costs of perception of the tax farmers, which could increase the actual burden considerably. Yet the overall trend is clear. Whereas the general wage level increased only by 30 per cent, the tax burden more than doubled. A wage labourer had to work ten days for taxation in 1600, but approximately eighteen days in 1700. With such a large degree of indirect taxes upon necessities, the burden tended to be regressive.
4) could be evaluated further. 9 shows the estimated development of the tax burden for the wealthier 30 per cent of the society, as well as for the poorer 70 per cent. Apparently, Holland managed to focus a relatively larger proportion of the burden upon the rich. In all, the diverse structure of taxation allowed the authorities to increase one tax permanently, another temporarily, and to introduce a third one. On the whole, the tax system of Holland was clearly fostered by the commercialisation and urbanisation of the region.
7 Ordinary revenue from customs, 1590-1700 (three-year moving averages) Sources: Becht 1908, table III; 't Hart 1993, p. 103. The rates were increased only modestly. A first overall augmentation in customs rates dated from 1584. The general list was revised in 1603, which raised most of the duties. Another modification during 1651-5, increased most customs duties to 22 per cent. These increases did not always yield higher revenues for the navy boards, as trade routes may have been severely disrupted.
Categories: Economic History