Quite apart from the incomprehe sible difference between the tax rates according to Art, 3 and 4, the result of this strange "system" would be that a. businessman capitol will be punishe fold income tax in comparison with an employee who gets his salary gglarly_without any ris, of capita.
encouragement to invest capital for business and to riske it thereby seems scarcely to be given by these Principles, Ang even from a certain political point Of view it may create a. very unpleasant feeling to realize how unjust capital is treated by the regulations of this new law, Doubtful remains the exact legal and economic interpretation of "net front" (Art, 7, a); is it identical with the profit as' figured out after the usual business principles, or are, por= haps, special depreciations, reserves, transfers of losses from previous years allowed, elc.? Besides it is not clear why—according to Art. 9, 10 and 1I—Feports should be necessary within different periods, while it seems to be sullicient if one and the same limit of time would be fixed for all tax-payers in due course of which time the necessary declaration for the previous Period would have to be delivered.
By the regulations as provided for by the law (pecially with regard to interest" accrued "from different sources) the authorities will be troubled unnecessarily by many reports which after a short time will have become out of date and will be most probably without actual im= portance for the final declaration, would, furthermore, facilitate " the work of the collecting and supervising organs considerably if in all cases of tax-payers receiving: salaries not the individual employees themselves but their employers would give a comprehensive "report comprising the salaries and other details of all their employees and, thus, furnish the authorities with ong report only me stead of eventually many single reports.
Text read from the printed page and cleaned; old type leaves the occasional error.