Ogden Standard-Examiner | 1920-04-21 | Page 9 | French to Tax Back Profits of Wartime

French to Tax Back Profits of Wartime PARIS. April 21. The French government gov-ernment will sanction a bill in the chamber instituting a tax the object of which is to readjust retrospectively transactions in war supplies. The tax is calculated In such a way as to allow al-low a maximum profit of ten per cent I only to tho producers and between 2 land 2 1-3 per cent to the middle men. according to the importance of the transaction. A proposed amendment to the taxation tax-ation bill in the chamber which would abolish government securities payable' lo bearer was defeated by a vote of '373 to 234. During the course of the (debate Finance Minister Francois- j Marshal offered an uncompromising objection on the ground that the bill I was prejudicial to the interests of the treasury and the country.