Word: taxing
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Dates: during 1940-1949
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During last summer's parliamentary campaign, Belgium's Liberal party liberal promised a 25% income-tax...
election the Liberals joined the Cath (Christian Socialists) in a cabinet. The Catholics left the Finance Ministry - and the chance to cut taxes as - to the Liberals' sturdy Henri Last week Belgium's Parliament was Finance Minister Liebaert's cut in direct taxes (on property, shares), which would save Bel prosperous, free-enterprising tax $5,000,000 this year. Further reductions, hoped Liebaert, would save $30 million in 1950 and $40 million in 1951. Though Belgium has a deficit of $90 million this year, Liebaert, no advocate of the welfare state, thought he could still balance...
...usual, its appearance brought a blizzard of complaints howling down upon Editor Gosta Blomberg and the offices of Sweden's tax collectors. Thousands of outraged taxpayers complained of being undercharged and hence deprived of a listing among the aristocracy of the higher brackets. Others, equally outraged, swore that they had never made that kind of money in their lives. One distressed soul had even quietly tried to bribe Editor Blomberg into leaving his name out of the register. If his wife learned his real income, pleaded the unhappy taxpayer, it would cost him at least a new mink coat...
...stern Editor Blomberg refused to veer an inch from the figures given him by the tax bureau (at a cost of 2? apiece). "It's just as hard to get into this book if you don't qualify," he said, "as it is to get out if you do." Blomberg himself was listed at $7,000 per annum, well below Stockholm's No. 1 earner, Banker Jacob Wallenberg ($170,000), but close to Prime Minister Tage Erlander...
...other side, the utilities argue that the lower rates are a sham. Private companies pay 16 percent taxes while public ones pay six or seven percent in lieu of taxes. Public plants can also obtain finances at a low interest rate from the REA while the private company must go to the money market. This last argument has less significance that it used to because of the fallen interest rate. But these companies insist that the tax differential amounts to a subsidy of the public plants. Their argument is summed up in a caption that appeared under a picture...