The Australian Government has refused to grant retroactive tax exemption on compensation payments received by victims of Nazism from the West German Government, it was reported here today.
Harold Holt, Australian federal treasurer, said “it was not the general practice” to give retroactive effect to changes in taxation laws. Legislation exempting from income tax compensation payments to Nazi victims in Australia became operative July 1. The exemption covers both capital sums and pensions and their regular payments.
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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.
