But that will change in about a month’s time when a Goods and Services Tax is introduced to replace the old wholesale sales tax and to take some of the weight off income taxes. The second point about productivity I want to make concerns the new economy/old economy divide.
Carl-Ludwig Thiele: Industry Dialogue on "Distributed ledger technology - potential benefits and risks" Introductory statement by Mr Carl-Ludwig Thiele, Member of the Executive Board of the Deutsche Bundesbank, at the G20 conference &quot;Digitising finance, financial inclusion and financial literacy&quot;, Wiesbaden, 26 January 2017.