Online Encyclopedia

REVENUE (0. Fr. revenu, from revenir,...

Online Encyclopedia
Originally appearing in Volume V23, Page 223 of the 1911 Encyclopedia Britannica.
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REVENUE (0. Fr. revenu, from revenir, to return)  , income, return, or profit; more particularly the receipts from all
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sources of a government or state . The revenue of a state is largely made up of taxation, and the general principles of taxes are discussed in TAXATION and
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FINANCE . In some countries the public or state domain may contribute substantially to the revenue, as do the
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crown forests in Russia, while in other countries important contributions are made from the state
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railways,
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post and telegraph services, &c . For the
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historical development of the
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English revenue see ENGLISH FINANCE, and for other countries see the sections on finance in the articles dealing with the various countries . In the
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United
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Kingdom the
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term inland revenue is used to denote that
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part of the revenue which is derived from
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death duties, stamps and other taxes, such as income tax,
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land tax, inhabited house duty, &c . The Board of Inland Revenue is a
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special department of the English
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civil service, with headquarters at 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
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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
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national revenue ($547,086,992 out of $663,217,677 in 1909) is derived from customs and
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internal revenue . The internal revenue consists for the most part of receipts from taxes on
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spirits, tobaccos and fermented liquors .

In 1909 the amount derived from customs revenue was $300,977,438, and internal revenue, $246,109,554 .

End of Article: REVENUE (0. Fr. revenu, from revenir, to return)
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