Those Germans who took over Jewish businesses after the recent forced “Aryanization” found today that the profits they might have expected will be reduced to very little or nothing at all. A special tax of 70 percent was imposed today on profits realized by the new owners of Jewish firms as result of “Aryanization.” In cases of profit on real estate the tax is raised to 100 percent.
An explanation accompanying announcement of the new tax stated that is designed to prevent illegitimate profits as result of acquisition of goods or property through forced “Aryanization.” These profits result from the fact that the price for Jewish shops was in many cases reduced to the value of the equipment and the merchandise on hand, the goodwill counting for nothing. In addition, it was stated, “Aryanization” of Jewish businesses created for those firms an increase in trade and credit, thus bringing about greater profits in no way due to the new owners.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
