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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.
The pension fund still loses the $600,000 it has paid over three years, but without the CDS contract it would have lost the entire $10 million minus recovery. In addition to financial institutions, large suppliers can use a credit default swap on a public bond issue or a basket of similar risks as a proxy for its own credit risk exposure on ...
The Ulster Defence Regiment (UDR) was an infantry regiment of the British Army established in 1970, with a comparatively short existence ending in 1992. Raised through public appeal, newspaper and television advertisements, their official role was the "defence of life or property in Northern Ireland against armed attack or sabotage" but unlike troops from Great Britain they were never used for ...
Berlin Tempelhof Airport (German: Flughafen Berlin-Tempelhof) (IATA: THF, ICAO: EDDI) was one of the first airports in Berlin, Germany.Situated in the south-central Berlin borough of Tempelhof-Schöneberg, the airport ceased operating in 2008 amid controversy, leaving Tegel and Schönefeld as the two main airports serving the city for another twelve years until both were replaced by Berlin ...
The chain profited from the mass popularity of citizens band radio in the mid-1970s which, at its peak, represented nearly 30% of the chain's revenue. Home computers. In 1977, two years after the MITS Altair 8800, Radio Shack introduced the TRS-80, one of the first mass-produced personal computers.
Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to ...
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