Advance Corporation Tax (ACT) was a system used in the United Kingdom where corporations made advance payments on their corporation tax liabilities when distributions, such as dividends, were made. ACT was abolished on April 6, 1999.
Tulipomania refers to the speculative bubble in Holland during the early 1620s, characterized by incredibly high prices paid for tulip bulbs. It is frequently used to describe investment price rises that are unjustified by the underlying fundamentals.
