GERMANY RAISING FUNDS.
A "FORTUNE TAX."
BERLIN/ March 2. The " North German Gazette" semiofficially states that it is intended to cover the initial military expenditure by a single levy on rich men.. If the Reichstag approves, this "fortune rbax" "will obviate a loan, which the Government urges should be passed iby Whitsuntide, of 50 millions sterling. Eleven millions will be spent in each of four years, and seven a^nd a half millions will be spent now on barracks on the east coast.
The Government also propose to abolish royalties' exemption from taxation.
BERLIN, March 3. The Goveramont proposes to raise for military purposes a milliard by means of & levy of a half to threo-'quartexs per cent, upon the total value of, property, fortunes under 50,000 marks .escaping.
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Bibliographic details
Wanganui Chronicle, Issue 12857, 4 March 1913, Page 5
Word Count
127GERMANY RAISING FUNDS. Wanganui Chronicle, Issue 12857, 4 March 1913, Page 5
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