GERMAN TAX REDUCTION
LOWERED DEBT UNDER YOUNG PLAN BALANCING THE BUDGET BERLIN, Friday. The Chancellor, Dr. Hermann Mueller, in a statement in the Reichstag, said part of the reduction of Germany’s debt under the Young reparation plan, about -£20,000,000, would be devoted to balancing the Budget, while the remainder, about £17,500,000, would be devoted to the reduciton of taxes, supplemented by about £20,000,000 from an increase in the duties on beer and tobacco. This would make available about £40,000,000 for the reduction of income tax and other taxes affecting industry.
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Bibliographic details
Sun (Auckland), Volume III, Issue 846, 14 December 1929, Page 11
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90GERMAN TAX REDUCTION Sun (Auckland), Volume III, Issue 846, 14 December 1929, Page 11
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