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The first of the Townshend Acts, sometimes simply known as the Townshend Act, was the Revenue Act 1767 (7 Geo 3 c 46). [d] [43] [44] This act represented the Chatham ministry's new approach to generating tax revenue in the American colonies after the repeal of the Stamp Act in 1766.
The Townshend Revenue Act were two tax laws passed by Parliament in 1767; they were proposed by Charles Townshend, Chancellor of the Exchequer. They placed a tax on common products imported into the American Colonies, such as lead, paper, paint, glass, and tea.
Most of the taxes in the Townshend Acts were repealed in 1770 by the Ministry of Lord North. The passage of the Tea Act 1773 in May 1773, which enforced the remaining taxes on tea, led to the Boston Tea Party on December 16, 1773. Parliament considered this an illegal act because they believed it undermined the authority of the Crown-in-Parliament.
The Revenue Act can refer to a number of tax-related laws: British Empire. Revenue Act 1764, popularly known as the Sugar ... one of the Townshend Acts; United States
The Molasses Act imposed taxes on colonial imports of the syrup. In June 1767, the Parliament passed the Townshend Revenue Act, which established new duties on goods such as salt, glass, paper, tea, coal, oil, and lead. The revenues generated from these duties were intended to pay the salaries of colonial governors, judges, and troops.
Though the tax burden imposed by the Townshend Acts on the colonies was small, Dickinson argued that the duties were meant to establish the principle that Parliament could tax the colonies. Dickinson argued that in the aftermath of the Stamp Act crisis, Parliament was again testing the colonists' disposition. [1]
(The Center Square) – North Carolina is bringing in higher than expected tax revenue this fiscal year, thanks to a “robust” economy, according to a new report. A new forecast predicts $34.7 ...
Early in 1767, shortly after The Stamp Act was repealed owing to colonial protests and boycotts of British goods, Townshend proposed that the Parliament could procure revenue from the Americans without causing them offense via "external" import taxes instead of internal taxes. [6] These were known as the Townshend Acts.