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The main increase in revenue came from income tax, which in 1915 went up to 3s. 6d in the pound (17.5%), and individual exemptions were lowered. The income tax rate grew to 5s in the pound (25%) in 1916, and 6s (30%) in 1918. Altogether, taxes provided at most 30 percent of national expenditure, with the rest from borrowing.
A smartphone displaying the homepage of the English Wikipedia. A smartphone (often simply called a phone) is a mobile device that combines the functionality of a traditional mobile phone with advanced computing capabilities. It typically has a touchscreen interface, allowing users to access a wide range of applications and services, such as web ...
The term sushi literally means "sour-tasting", as the overall dish has a sour and umami or savory taste. The term comes from an antiquated し shi terminal-form conjugation, no longer used in other contexts, of the adjectival verb sui (酸い, "to be sour"), [13] resulting in the term sushi (酸し). [14]
Citicorp (1812–1985) Citibank, (formerly City Bank of New York) was chartered by the State of New York on June 16, 1812, with $2 million (~$43.4 million in 2023) of capital. [12] [13] Serving a group of New York merchants, the bank opened for business on September 14 of that year, [citation needed] and Samuel Osgood was elected as the first ...
Cryptocurrency is produced by an entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly stated. In centralized banking and economic systems such as the US Federal Reserve System , corporate boards or governments control the supply of currency.
Digital television transition. The digital television transition, also called the digital switchover ( DSO ), the analogue switch/sign-off ( ASO ), the digital migration, or the analogue shutdown, is the process in which older analogue television broadcasting technology is converted to and replaced by digital television.
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