English Translation

901 12 which, according to the present state as export, are exempt from the Umsat or luxuries tax, will then be subject to VAT. We estimate that as a result of these circumstances, the previous earnings of our turnover - and luxury tax would fall by an additional 283 million K. It can be expected that with the possible approximation of the rules__of_our___Unset_-_and_luxury tax to the__ regime_ of the German VAT the previous taxes and around 800,000,000 K /we expect to fall, i.e. by almost one half that the income of the turnover and luxury tax in 1939 will amount to approximately 2,450,000 K/. As already mentioned, the adjustment of the system of our turnover - and luxury tax to the regulation of German VAT would lead to the abolition of our sales - and luxuries tax, of which there are currently 60. This would have adverse consequences for the financial management / the flat-rate only ensures a better tax system and reduces the number of taxpayers / and would also have had an unfavourable response to our economy, especially as for those its branches /commercial, commercial and often also producer /, which the fausalization of the turnover tax had enabled the establishment of a certain economic order. Finally, we would like to raise the point that we are aligning the convergence of our turnover and luxury tax with the German tax system, as a result of the possible abolition of our previous customs duties.