070. Status Report - German Tax Reform

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The political struggle over the Government's tax reform proposals, reported on at length in articles nos. 59 and 60, is continuing. The Government pushed the major reform bills through Parliament at the end of June 1997, but they cannot become law without the consent of the Federal Council, which rejected them in early July. This is only the end of the round, not the entire fight, however. The tax legislation will go to a conference committee where the real work of seeking a compromise will take place. With the summer break impending, it may be sometime in the autumn before the fate of the Great Tax Reform is known.