INCOME TAX.
GERMANY’S NEW SCALE,
By Cable—Press Association—Copyright, Australian and N.Z. Cable Association
(Received May 18, 7.5 p.m.) LONDON, May 18
The Berlin correspondent of the “Morning Post” states that tlio Taxing Committee of the Reichstag decided that all wages above eighty marks monthly will pay a ten pcf cent, income tax, which will be deducted before payment, a small allowance being granted when the workman has a wife and-children. Following is the scale:
Income tax. £4OO ....... 9 per cent, £BOO . . . ... 11.9 per cent. £IOOO ...... 13£ per cent. £2300 ...... 23 per cent, £SOOO 30 per cent. £50,000 up . . 39 per cent,
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Timaru Herald, Volume XCVIII, 19 May 1925, Page 7
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101INCOME TAX. Timaru Herald, Volume XCVIII, 19 May 1925, Page 7
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