German Sugar Tax Sparks New Government Row
57 Articles
57 Articles
German sugar tax sparks new government row
The two parties have repeatedly clashed since forming their latest coalition in May last year. The CDU/CSU tends to take a more pro-business and fiscally cautious line, while the SPD has proposed higher taxes for the wealthy. SPD Vice Chancellor Lars Klingbeil, who also heads the finance ministry, was earlier this year rebuked by Economy Minister Katherina Reiche of the CDU for suggesting a windfall tax on energy companies benefitting from the w…
Even more costs for the citizens, even more money to redistribute for the state: The draft sugar tax was put on hold by the chancellor's office for the time being. However, this new tax is not off the table. While the public's health is officially summoned, the levy should, from 2027 year on, flush the federal government with around one billion euros in the cash registers.
The planned sugar tax continues to make headlines: the bill presented by Minister of Finance Klingbeil meets with opposition in the Chancellery. The draft departs from the recommendations of a Finance Commission.
Only on Wednesday Vice Chancellor Klingbeil had given his draft to the ministries, now the chancellor's office is stepping on the brakes. The sugar tax is on ice for the time being.
The chancellor's office seems to be stopping the Minister of Finance's sugar tax plans.
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