Monday, Apr. 18, 1932
Everybody's Income
Turks, who threw away fez and veil at President Mustafa Kemal's command, set about achieving last week that much more difficult Western reform, a balanced budget.
Under a new income tax law signed by the President, "Turkish wage earners become the most heavily taxed in the world." according to Istanbul papers. Every Turk, no matter how minute his income, must pay at least 30% to the State. Richest Turks will get off easier than richest Englishmen who are taxed out of half their income. In Turkey, under the new law. "incomes over $300 per month shall be taxed 43%."
This file is automatically generated by a robot program, so reader's discretion is required.