SOVIET TAXES
KILLING PRIVATE TRADE LIST OF BIG DEFAULTERS ISSUED (“Times” Cables.) London, May 9. The Riga correspondent of “The Times” reports that the Soviet has issued a list of eleven hundred “big defaulters,” who closed their factories in Moscow because they were unable to exist under the newest taxation policy. These comprise only the most important defaulters. The Finance Department is offering informers a percentage of profits, and has ordered all institutions, and firms and persons possesing knowledge of these bankrupt’s secret possessions, immediately to disclose it, so as to enable them to be seized; also for the discovery of the whereabouts of the delinquents. M. Frumkin, Deputy-Commissar of Finance, explains that the taxation machinery has been more effective than the Government Intended it, and forced more private traders to abandon their enterprises than was expected, resulting in the danger of killing private trade, which is not desired yet
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Dominion, Volume 21, Issue 188, 11 May 1928, Page 9
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150SOVIET TAXES Dominion, Volume 21, Issue 188, 11 May 1928, Page 9
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