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1953 – Captive Insurance Companies
7/17/2018 9:54 AM
A captive insurance company is where a parent group creates its own licensed insurance company to provide coverage for itself.
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The Bachelor Tax of 1927
7/3/2018 3:21 PM
The first bachelor tax was introduced in 9 AD by emperor Augustus to encourage marriage. It was called the ‘Lex Papia Poppaea’, and apart from taxing bachelors also taxed married people with no children, and those who were celibate.
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The Liechtenstein Foundation of 1926
6/22/2018 12:44 PM
The Liechtenstein foundation has its legal basis in the Persons and Company Law (PGR – Personen- und Gesellschaftsrecht) of January 20, 1926, and is extremely flexible as it may pursue any lawful purpose.
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Switzerland Became the First True Tax Haven in 1918
6/19/2018 12:15 PM
Switzerland was the first ‘true’ tax haven and became a tax haven immediately following World War I.
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The First Self Managed Super Fund was Established in 1915
6/12/2018 12:18 PM
The first SMSFs were established in 1915 to take advantage of the original tax exemption for super funds in the 22-page Income Tax Assessment Act 1915.
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Delaware Incorporation Legislation Enacted in 1899
6/5/2018 12:26 PM
The General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute governing corporate law in the U.S. state of Delaware.
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The Farm Horse Tax of 1797
5/29/2018 1:47 PM
In 1797 Great Britain introduced a farm horse tax on horses and mules that were used in husbandry or trade.
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The Clock Tax of 1797
5/22/2018 12:50 PM
The Duties on Clocks and Watches Act 1797 was an Act passed by the Parliament of Great Britain instituting a tax on clocks and watches.
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The Hair Powder Tax of 1795
5/15/2018 11:35 AM
The tax on hair powder is one of several taxes William Pitt the Younger introduced in Great Britain to help fund the Napoleonic wars with France.
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The Glove Tax of 1785
5/8/2018 12:10 PM
As Britain’s 1784 tax on hats was such a lucrative revenue raiser for the government, they decided to complement it with a glove tax.
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