Revenue is obtained principally by means of indirect taxation: stamp sales, the copra export tax, fishing licenses., telephone line leasing, earnings from the Tuvalu Trust Fund, and profits from .tv Corporation, the enterprise set up in 1990 through a leasing arrangement with Idealab, a California corporation, to market the country's internet address, .tv.
The personal income tax rate on chargeable income is 30%. The company income tax rate on chargeable income is also 30%, down from 40%. The income of both nonresidents and foreign resident companies is taxed at a flat rate of 40%. There are a variety of sales taxes applied to a variety of goods and services. Island councils also levy a head tax and a land tax based on territorial extent and soil fertility.