FRENCH FINANCE.
NEW PROPOSALS. PROVISIONS SUMMARISED. VOLUNTARY CAPITAL TAX. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. Received' April 8 10.45 a.m. PARIS, April 7. The Chamber referred the Finance Bill to its finance committee Jor a leport. it agreed to M. Demonzie’s request to debate the measure to-morrow, in view of the anxiety of public opinion. M. Demonzie announced that interest on new perpetual rents was issuable to subscribers of the voluntary ten per cent, capital tax, and was fixed at 3 per cent. Ihe issue would be at par, and all who were liable to income tax, with the exception of the wage-earners, who- did not subsidise a tenth part of their capital would b. 2 exceptionally taxed on the ’amount of their default. The subscription would be payable quarterly for five years. M. Demonzie summed up the measure as a maximum cl oninion and a minimum oi constraint Bill. The Socialists ar e submitting to the committee a counter-project, providing lor a ten per cent, capital levy, but this is simply' a party demonstration, and the Socialists are expected to vote for M. Demonzie’s Bill. —Reuter.
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Hawera Star, Volume XLVIII, 8 April 1925, Page 9
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184FRENCH FINANCE. Hawera Star, Volume XLVIII, 8 April 1925, Page 9
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