During last summer's parliamentary campaign, Belgium's Liberal party liberal promised a 25% income-tax cut.
election the Liberals joined the Cath (Christian Socialists) in a cabinet. The Catholics left the Finance Ministry and the chance to cut taxes as to the Liberals' sturdy Henri Last week Belgium's Parliament was Finance Minister Liebaert's cut in direct taxes (on property, shares), which would save Bel prosperous, free-enterprising tax $5,000,000 this year. Further reductions, hoped Liebaert, would save $30 million in 1950 and $40 million in 1951. Though Belgium has a deficit of $90 million this year, Liebaert, no advocate of the...
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