US EditionGerman Cabinet Approves 46 Billion Euro Corporate Tax Relief Package
- The German federal Cabinet approved a €46 billion tax relief package on Wednesday to support struggling companies and the economy.
- The package responds to a weak economy facing global trade tensions, tariff risks from US policies, and a contraction in 2024.
- The package, implemented from 2025 to 2029, includes a 1-point corporate tax cut starting in 2028, super depreciation, and incentives for R&D and mobility.
- Super depreciation allows 30% annual write-offs for three years, while the government lowered the 2025 growth forecast to zero, warning of no growth for a third year.
- This tax relief aims to boost priority investments and revitalize Germany's manufacturing-dependent economy amid persistent production weakness and trade challenges.
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Germany's new government, led by Chancellor Friedrich Merz, plans to adopt a 46 billion euro corporate tax relief package this summer to pull the eurozone's largest economy out of stagnation, the Financial Times reports.
·Estonia
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On Wednesday 4 June, the Friedrich Merz government announced a €46 billion plan to support investment, aimed at bringing the country out of stagnation.
·Paris, France
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DECRYPTAGE - On the eve of the meeting between Friedrich Merz and Donald Trump in Washington, the German government offers tax cuts to its industrialists.
·Paris, France
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Total News Sources60
Leaning Left6Leaning Right5Center8Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 32%
C 42%
R 26%
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