Page:Statesman's Year-Book 1899 American Edition.djvu/1094

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ITALY

fortieths of the income ; in the case of industrial and commercial incomes, it is twenty-fortieths ; for life annuities and incomes from labour alone (professions) it is eighteen- fortieths ; for incomes of State, provincial and communal employees it is fifteen-fortieths. The communes and provinces also tax lands and buildings. The State grants to the communes one-tenth of the proceeds of the tax on incomes as compensation for other communal re- venues made over to the State by various laws.

The principal indirect taxes are : — the customs duties, the octroi, the taxes on manufactures, the salt and tobacco monopolies, lotto.

The financial year of Italy ends on June 30. The following table exhibits the total ordinary revenue and expenditure of the Kingdom, together with the annual difference in each of the last seven years, the budget estimates being given for the last two years : —

Tears

Total Eevenue

Total Expenditure

Difference

Lire

Lire

Lire

1892-93

1,748,429,655

1,739,085,890

+ 9,343,765

1893-94

1,853,294,087

1,912,149,991

- 58,855,904

1894-95

1,807,372,533

1,806,963,455

-1- 409,078

1895-96

1,839,753,509

1,841,386,659

+ 1,633,150

1896-97

1,745,497,676

1,745,370,744

+ 126,932

1897-98

1,699,659,117

1.692,234,369

+ 7,424,748

1898-99

1,696,791,355

1.686,793,409

+ 9,997,946 '

The following table shows for the year ending June 30, 1899, the estimated revenue and expenditure : —

Revenue

Revenue — cont.

Lire

Lire

A.. Ordinary revenue : —

Taxes on transactions

1st Category : ^

Succession duties

37,500,000

State property

12.481,835

Registration

58,000,000

State railways

79,932,200

Stamps

67,900,000

Various

1,455,612

Raihvay tax

19,800,000

Various

32,925,000

Direct taxes :

Indirect taxes :

Land tax ,

306,750,000

Excise

48,000,000

House tax.

88,600,000

Customs.

246,000,000

Income tax

286,249,000

Octrois Tobacco (mono-

51,865,000

poly)

188,250,000

1 The revenue and the expenditure of each Ministry are divided into four categories :— 1. Effective receipts or expenditure ; 2. Construction of railways, (fee. ; 3. Movement of capital ; i. Receipts or expenditure d'ordre.