Complex sentence: In an attempt to gain more tax revenues, the king's financial advisor, financier Charles Paulet, instituted the Paulette in 1604, a yearly tax of 1/60th of the price of the office that insured hereditary transmission.
Split into simpler sentences: In an attempt to gain more tax revenues, the king's financial advisor, financier Charles Paulet, instituted the Paulette in 1604. This was a yearly tax of 1/60th of the price of the office that insured hereditary transmission.