Tontine liquidating

Institutions like the Amsterdam stock exchange, the Bank of Amsterdam, and the merchant bankers helped to mediate this investment.In the course of time the invested capital stock generated its own income stream that (because of the high propensity to save of the Dutch capitalists) caused the capital stock to assume enormous proportions.The "constitution" of the new Republic, the Union-of-Utrecht treaty of 1579, tried to lay the basis of a revolutionary new fiscal system.It put in place a rudimentary confederal budget system that charged the Raad van State (Council of State Furthermore, it prohibited internal tariffs and other taxes discriminating against residents of other provinces.

Instead, the provinces continued the practice under the Habsburg rulers that the provinces paid a fixed quotum (the repartitie) of the budget.

That central government was therefore forced to finance the war by transfers from other Habsburg lands, especially Spain itself.

This led to an enormous increase in the size of the Spanish public debt, which that country was ultimately unable to sustain, and hence to the need to accept Dutch independence in 1648.

The Dutch financial sector, both in its public and private components, came to provide a wide range of modern investment products beside the possibility of (re-)investment in trade and industry, and in infrastructure projects.

Such products were the public bonds, floated by the Dutch governments on a national, provincial, and municipal level; acceptance credit and commission trade; marine and other insurance products; and shares of publicly traded companies like the Dutch East India Company (VOC), and their derivatives.

As explained in the general article on the economic history of the Netherlands, the political revolt soon engendered an economic revolution also, partly related to political events (like the rise of the Dutch East India Company and its West-Indies colleague), in other respects unrelated (like the revolutions in shipping, fisheries, and industry, that seem to be more due to technological innovations).

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It sounds gruesome, but essentially, it is a liquidating trust with no-or-few expenses. See a 1995 report on the TPL trust that turned out to be prescient. 
18-Jul-2018 10:07
In this lesson, you will learn how the accounting profession defines the term allowance. You will also learn about common allowances used on. 
18-Jul-2018 10:12
David Faber at CNBC is reporting that Tontine Partners "Tontine" is liquidating two of its funds, Tontine Capital and Tontine Partners, over the next year and a half. 
18-Jul-2018 10:17
A new instrument the Mutual Inheritance Fund or MIF is proposed whose purpose is to help people carry their savings forward from the moment they retire. 
18-Jul-2018 10:21
Can a Continuously- Liquidating Tontine or Mutual Inheritance Fund Succeed where Immediate Annuities Have Floundered? King William’s Tontine. 
18-Jul-2018 10:24
The Wiky Legal Encyclopedia covers legislation, case law, regulations and doctrine in the United States, Europe, Asia, South America, Africa, UK, Australia and around. 
18-Jul-2018 10:28

Tontine liquidating introduction

Tontine liquidating