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Possible Answers:
VAT.
Last seen on: Eugene Sheffer – King Feature Syndicate Crossword – Apr 25 2023
Random information on the term “Cistern”:
The Basilica Cistern, or Cisterna Basilica (Greek: Βασιλική Κινστέρνα, Turkish: Yerebatan Sarnıcı or Yerebatan Saray, “Subterranean Cistern” or “Subterranean Palace”), is the largest of several hundred ancient cisterns that lie beneath the city of Istanbul, Turkey. The cistern, located 150 metres (490 ft) southwest of the Hagia Sophia on the historical peninsula of Sarayburnu, was built in the 6th century during the reign of Byzantine Emperor Justinian I. Today it is kept with little water, for public access inside the space.
This subterranean cistern was called Basilica because it was located under a large public square, the Stoa Basilica, on the First Hill of Constantinople. Prior to its construction, a great basilica stood on the spot. It had been built during the Early Roman Age between the 3rd and 4th centuries as a commercial, legal and artistic centre. The basilica was reconstructed by Illus after a fire in 476.
Ancient texts indicated that the basilica contained gardens, was surrounded by a colonnade and faced the Hagia Sophia. According to ancient historians, Emperor Constantine built a structure that was later reconstructed and enlarged by Emperor Justinian after the Nika riots of 532, which devastated the city.
Random information on the term “VAT”:
Government revenue or national revenue is money received by a government from taxes and non-tax sources to enable it to undertake public expenditure. Government revenue as well as government spending are components of the government budget and important tools of the government’s fiscal policy. The collection of revenue is the most basic task of a government, as revenue is necessary for the operation of government, provision of the common good (through the social contract in order to fulfill the public interest) and enforcement of its laws; this necessity of revenue was a major factor in the development of the modern bureaucratic state.
Government revenue is distinct from government debt and money creation, which both serve as temporary measures of increasing a government’s money supply without increasing its revenue.
There are a variety of sources from which government can derive revenue. The most common sources of government revenue have varied in different places and time periods. In modern times, tax revenue is typically the primary source of revenue for a government. Types of taxes recognized by the OECD include taxes on income and profits (including income taxes and capital gains taxes), social security contributions, payroll taxes, property taxes (including wealth taxes, inheritance taxes, and gift taxes), and taxes on goods and services (including value-added taxes, sales taxes, excises, and duties). Besides, lotteries can also bring in considerable revenue for the government. In early 2009, the Australian government used lotteries to boost spending, generating more than $60m in additional tax revenue for state governments.