Yes, Sir. I am circulating in the OFFICIAL REPORT a table comparing the new and old rates of tax. I understand that the purpose of the amendment was to adapt the scale of abatements and graduation to the depreciation of the mark. The internal purchasing power of the mark has fallen by over 40 per cent. since last March when the old scale was adopted, and its external purchasing power to an even greater extent.
I believe the information that I am circulating in the OFFICIAL REPORT will enable the hon. Gentleman to ascertain that.
§ Mr. ARTHUR MICHAEL SAMUEL
Does the hon. Gentleman say in his report what is the amount levied and the amount collected?
In Germany? That is not included in the information I am circulating, and I am afraid that my means of information do not allow me to give it.
That, of course, is a question of high policy; as I understand it, under the Peace Treaty they have no such control.
§ The following is the table:1005
|Principal Abatements.||Deducted from tax payable.||Deducted from tax payable.|
|For each child under age||180||360|
|For each dependant||180||360|
|For expenses of occupation (earned incomes only)||180||540|
|The abatement are subject to reduction for larger incomes, and cease altogether for incomes above 100,000 under the old law for those above 200,000 under the new.|
|It will be observed that tax commences to be paid at a much lower scale of income than in this country.|