Angry mobs, like the sons of liberty, in philadelphia.
Get Tea Act What Was Taxed Images. The tea act was an act of great britain's parliament to impose a tax on tea and reduce the massive tea surplus of the british east india company in one of the main leaders in the protest in the colonies against the tea tax was john hancock. The desperate attempt drastically reduced the price of their tea in order to attract a lot of buyers and the price reduction did not change the fact that the british empire had used this ploy to continue their notorious tax collection strategies.
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This act eliminated the customs duty on the company's tea and permitted its direct export to america. The objective of the act was to grant the british east india company a monopoly in selling tea to the american colonies. The principal objective was to reduce the massive amount of tea held by the financially troubled british east india.
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In 1767, to help the east india company compete with smuggled dutch tea, parliament passed the indemnity act, which lowered the tax on tea. Merchants who had been importing tea would lose their business. Between 1660 and 1689, tea sold in coffee houses was taxed in liquid form. In india it all toghether different, indian income tax act allows deduction for contribuiting to political parties which are registeted under trust act, societies act.
