A forecast of new taxes to be levied on capital or income to enable the Government to take over an increasing share of the burden of necessary social services in Palestine is made by the Jerusalem correspondent of the London Economist.
The correspondent states that while Treasury receipts have been fairly good in recent months, customs duties, which form one of the chief sources of income, have been unfavorably affected and declares there is an increasing need for social services, but during the past year it has been impossible to raise all the necessary funds from voluntary contributions, necessitating greater Government participation, which is impossible without an adequate rise in revenue.
If an income tax is found impracticable, the correspondent reports, the Government is likely to turn to turnover taxes on such items as wheaten bread, spirits and sugar and increase automobile license fees.
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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.
