Louis XV: Silhoutte
- Created by: Hollie
- Created on: 11-05-14 15:21
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- Appointed as Controller-General of Finance in 1759.
- He inherited 217.2 million livres of deficit upon taking office.
- He cut royal spending and scrutinised the corruption of the tax farmers
- He prevented wealthy men from gaining an exemption from the taille tax when they took up a minor office in government
- Attempted to resurrect Machault's idea of 'fiscal equality' by proposing a new property tax, known as the subvention
- This included tax on windows, doors, farms etc. - movable and immovable propety.
- His reforms were met with widespread opposition as many felt it was the government who needed to reign in their extravagance,not the privileged class.
- Due to the opposition, he lasted less than a year.
- He managed to raise 72 million livres through reforms on the Ferme générale.However, this was not enough
- This included tax on windows, doors, farms etc. - movable and immovable propety.
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