File:Victoria_1892_beer_duty_revenue_stamp.jpg · Wikimedia Commons · See Wikimedia Commons

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excise

Also known as tax in rem, in rem, excise tax, Excise Tax

thumb|A 1892 beer duty stamp, noting the cost of the duty (one shilling and sixpence), the unit taxed (Firkin (unit)|9 gallons), its target (malt and hops exclusively), and its source (inland revenue).

AI overview

An excise is a tax that a government places on specific goods produced or sold within the country, such as the beer tax shown on this 1892 stamp. It matters because it allows governments to raise revenue and can be used to discourage consumption of certain products by making them more expensive.

AI-generated from the Wikipedia summary — may contain errors.

~38 min read

Article

31 sections

Contents

History and rationale
Theoretical foundations on specific taxation
Targets of taxation
Tobacco, alcohol and gasoline
Cannabis
Narcotics
Gambling
Prostitution
Unhealthy products
Environmentally harmful products
Other types
Salt, paper and coffee
Window and related tax
Newspapers and advertising
Machinery of implementation
Around the world
Australia
Canada
China
European Union
France
Germany
India
Indonesia
Japan
United Kingdom
United States
Criticisms
See also
References
External links

An excise, or excise tax, is any duty on a category of goods that is normally levied by a government at the moment of manufacture for domestic consumption. This makes excise different from a sales tax or value-added tax (which are levied at a point of sale) or from customs duties (which are levied on goods when they cross a designated border).