In response, the Reichsbank therefore sharply raised the discount that was applied to holders of personal accounts wishing to transfer them abroad via the Golddiskontbank.26 In addition, as of May 1934 the provisions of the so-called Reich flight tax were tightened up, with the lower threshold for liability being cut from 200,000 to 50,000 Reichsmarks and greater discretion given to the authorities in making the assessment.
