FRENCH INCOME TAX.

Rangitikei Advocate and Manawatu Argus, Volume XXXVII, Issue 10658, 29 May 1913, Page 8

FRENCH INCOME TAX.

United Press Association. —By Electric Telegraph —Copyright. Received May 29, 1 p.m. Paris, May 28. With the view of conciliating the Socialists Government has introduced a progressive Income Tax Bill to cover interest and redemption of the forty million militaryloan. commencing In January, 1915, they will impose i per cent cn incomes up to £2OOO. 2 "ji'r cent up to £4OOO, and 8 per cent above £4OOO, The first £4OO of income will be exempt .and there will b..‘ n further exemption of £4O per child under 1(5 or parents or grandparents over 70 dependent on the taxpayer. The total yield is estimated at £2,800,000. The Chamber has voted the first year’s expense of retaining timeexpired soldiers with the colours. .