Louis hired Jean-Baptiste Colbert, a Swiss banker, to reform France's financial situation. By seeking out people who avoided their taxes (for example, people posing as nobles) and reorganizing the tax collection system (Before Colbert the majority of collected tax never even made it to the treasury), Colbert was able to reduce the loses of the treasury by 30,000,000 liras...
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By seeking out people who avoided their taxes (for example, people posing as nobles) and reorganizing the tax collection system (Before Colbert the majority of collected tax never even made it to the treasury), Colbert was able to reduce the loses of the treasury by 30,000,000 liras. This, in conjunction with stimulating the economy by reducing taxes, allowing monopolies, and encouraging immigration of skilled workers, boosted the worth of the French economy, and had a positive influence on the country as a whole...
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