Abstract

Editorials
August 26, 1925 issue

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This article presents information on political conditions in the world during 1925. The U.S. Department of Treasury's plan for tax reduction is to reduce the basic normal tax from 6 per cent to 5 per cent, reduce the surtax to a maximum of 20 per cent and abolish the federal estate tax. The terms finally agreed upon between the U.S. and Belgium for the settlement of the latter's debt to the U.S. government will constitute one of the most significant steps in post-war finance. The article also mentions some suggestions on how to overcome difficulties while swimming across the English Channel.

See Also:

WORLD politics; TAXATION; DEBTS, External; INTERNATIONAL relations; UNITED States; BELGIUM
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