HC Deb 23 February 1922 vol 150 cc2154-5W

asked the Financial Secretary to the Treasury to what extent the deficit on the German budget will be increased by the lowering of the German Income Tax to the new rates under the law of 21st December, 1921?


I know of no estimate of the financial effect of the reductions, but owing, no doubt, to the depreciation of the mark, there is a large increase in the estimated yield in paper marks of the Income Tax for the coming year.