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REVENUE (0. Fr. revenu, from revenir, to return) , income, return, or profit; more particularly the receipts from all See also: sources of a See also: government or See also: state
.
The revenue of a state is largely made up of See also: taxation, and the general principles of taxes are discussed in TAXATION and See also: FINANCE
.
In some countries the public or state domain may contribute substantially to the revenue, as do the See also: crown forests in See also: Russia, while in other countries important contributions are made from the state See also: railways, See also: post and telegraph services, &c
.
For the See also: historical development of the See also: English revenue see ENGLISH FINANCE, and for other countries see the sections on finance in the articles dealing with the various countries
.
In the See also: United See also: Kingdom the See also: term inland revenue is used to denote that See also: part of the revenue which is derived from See also: death duties, stamps and other taxes, such as income tax, See also: land tax, inhabited See also: house duty, &c
.
The See also: Board of Inland Revenue is a See also: special department of the English See also: civil service, with headquarters at See also: Somerset House
.
The Board consists of a chairman, deputy chairman, and two commissioners, with joint secretaries, assistant secretaries and a staff of officials
.
The other important department engaged in the collection of the English revenue is the Board of Customs and Excise
.
The excise department was formerly a branch of the inland revenue, but was amalgamated with the customs department on the 1st of See also: April 1909
.
The Board of Customs and Excise is constituted as is the Board of Inland Revenue
.
In the United States the greater proportion of the See also: national revenue ($547,086,992 out of $663,217,677 in 1909) is derived from customs and See also: internal revenue
.
The internal revenue consists for the most part of receipts from taxes on See also: spirits, tobaccos and fermented liquors
.
In 1909 the amount derived from customs revenue was $300,977,438, and internal revenue, $246,109,554 . |
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