Excise taxation and the origins of public debt [electronic resource] /
Coffman, D'Maris.author.
This book offers a wholesale reinterpretation of both the introduction of excise taxation in Great Britain in the 1640s and the genesis of the Financial Revolution of the 1690s. By analysing hitherto unpublished manuscript and print sources, D'Maris Coffman resolves divergent accounts of these constitutionally problematic but fiscally significant new taxes. Parliament's success at imposing on a deeply divided kingdom an extra-legal species of indirect taxation, which hitherto had been a constitutional anathema and a political impossibility, remains one of the most striking features of the period. A fresh reading of William Petty's Treatise on Taxes illustrates the development of an indigenous discourse in defence of the tax state. By highlighting the importance of fiscal innovation during the Civil Wars and Interregnum for the development of the fiscal state in Britain, this study challenges 'stylised facts' about the economic significance of 1688/89. The final chapter delivers new insight into why the eighteenth-century British public accepted both unprecedented levels of government borrowing and one of the heaviest tax burdens in Western Europe. Coffman reveals how a 'new financial history,' rooted in closely contextualised studies, can contribute to current debates about sustainable levels of taxation and to fundamental questions of economic theory.
Description based upon print version of record.
""Cover""; ""Half-Title""; ""Title""; ""Copyright""; ""Dedication""; ""Contents""; ""Preface              ""; ""List of Figures and Tables                                 ""; ""List of Abbreviations                            ""; ""Acknowledgements                       ""; ""About the Author                       ""; ""1 Excise Taxation in Context                                   ""; ""English Excise Taxation                              ""; ""Fiscal Sociology and Economic Thought                                            ""
""State Formation or State Building?                                         """"Notes on Sources and Methodology                                       ""; ""Chapter Organisation                           ""; ""2 The Introduction of the Excises                                        ""; ""A Matter of â€?Necessity?â€? Introduction and Response                                                         ""; ""Administration by Legislation                                    ""; ""The Origins of the Committee for Regulating the Excise                                                             ""
""The Limits of â€?Popular Politicsâ€?                                       """"3 The Excises under the Long Parliament, 1647â€?1648                                                         ""; ""The Smithfield Riot in a Wider Context                                             ""; ""The Advent of Excise-Backed Paper                                        ""; ""The Financial Data: Gross and Net Receipts                                                 ""; ""The Financial Data: Advances, Loans and Anticipations                                                            ""
""Conclusions                  """"4 The Commonwealth Excise, 1649â€?1653                                           ""; ""Remodelling the Excise                             ""; ""The Introduction of Farming                                  ""; ""Regulating the Excise                            ""; ""Judicial Powers                      ""; ""Financial Data                     ""; ""Conclusions                  ""; ""5 The Case of the Soap Boilers                                     ""; ""The Immediate Context                            ""
""The Caroline Soap Patents                                """"The Soap Excise                      ""; ""Conclusions                  ""; ""6 The Protectorate Excise, 1654â€?1659                                           ""; ""The Petition of 1658: An Ex-Post Judgement                                                 ""; ""The New Regime: The Problem Ex-Ante                                          ""; ""The Struggle for Control                               ""; ""Financial Data                     ""; ""Conclusions                  ""
""7 The Restoration Excise, 1660â€?1663                                          ""
Includes bibliographical references and index.
This book offers a wholesale reinterpretation of both the introduction of excise taxation in Great Britain in the 1640s and the genesis of the Financial Revolution of the 1690s. By analysing hitherto unpublished manuscript and print sources, D'Maris Coffman resolves divergent accounts of these constitutionally problematic but fiscally significant new taxes. Parliament's success at imposing on a deeply divided kingdom an extra-legal species of indirect taxation, which hitherto had been a constitutional anathema and a political impossibility, remains one of the most striking features of the period. A fresh reading of William Petty's Treatise on Taxes illustrates the development of an indigenous discourse in defence of the tax state. By highlighting the importance of fiscal innovation during the Civil Wars and Interregnum for the development of the fiscal state in Britain, this study challenges 'stylised facts' about the economic significance of 1688/89. The final chapter delivers new insight into why the eighteenth-century British public accepted both unprecedented levels of government borrowing and one of the heaviest tax burdens in Western Europe. Coffman reveals how a 'new financial history,' rooted in closely contextualised studies, can contribute to current debates about sustainable levels of taxation and to fundamental questions of economic theory.
Business enterprises—Finance.
Accounting.
Bookkeeping .
Finance—History.
Finance.
Tax accounting.
Tax laws.
Business Finance.
Accounting/Auditing.
Financial History.
Financial Accounting.
Finance, general.
Business Taxation/Tax Law.