Definition, Meaning & Synonyms
internal-revenue
Noun
/ɪnˈtɜrnəl ˈrɛvənju/
Definition
The revenue collected by a government from its own country’s economic activities, usually in the form of taxes.
Examples
- The internal-revenue service is responsible for tax collection.
- Businesses must report their earnings to the internal-revenue agency annually.
- Changes in internal-revenue policies can impact the economy significantly.
Meaning
Internal revenue refers to the funds a government receives through taxation on goods, services, and income within its borders. This revenue helps finance government operations and public services.
Synonyms
- Tax revenue
- Government income
- Fiscal revenue
