Stranica 4 [4]
OCR
s A November — page four b) an interesting change in the American tax laws is suggested, whereby the incomes of the new American capital invested abroad would not be taxable in the United States; but only in the countries where it presently is invested. With the low tax rates that existéd at present, in many coumtries, especially in colonial areas, this provision would a mighty encouragment for American capital to invest abroad and thus to open entirely new channels of trade and industry. Leading American economists have privately estimated that such a provision alone would encourage some 10 billion dollars to seek investment abroad. 4.- an entirely new policy to be suggested bo the international financial organizations whereby the present stop-gap policy would be replaced by constructive investments; Likely to produce profitable results. . his trade ahd ecomomic plan, if put into operation, might indeed mark the opening of a new era of American pioneering in the world. Itemight give the American Republicans thé key to a new period of genuine prosperitye To be carried out it demands boldness and vision. 1t is, on these two qualities that success or failure of th new Republican Administration will hingee 61. /
