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German economy minister suggests corporate tax reform – Welt am Sonntag

2024.02.04 06:01


© Reuters. German Economic Affairs and Climate Action Minister Robert Habeck speaks throughout a session of the decrease home of parliament, the Bundestag, in Berlin, Germany February 1, 2024. REUTERS/Liesa Johannssen/File Photo

FRANKFURT (Reuters) – German Economy Minister Robert Habeck has floated the thought of a reform of the nation’s corporate taxes as one method to take strain off corporations which are dealing with quite a few challenges, together with excessive power prices.

“I also see that we have an overall corporate taxation that is no longer competitive and conducive to investment,” Habeck advised weekly Welt am Sonntag.

“This is precisely why we should consider how we can, for example, finance tax relief, tax incentives for investments in the future,” he mentioned, including that may be a method to unleash financial forces.

Habeck mentioned that the federal government was constrained by what he referred to as “extremely tight financial leeway”, pointing to financial savings strain with regard to Germany’s 2025 funds.

His feedback come after Finance Minister Christian Lindner referred to as for a bundle of measures to strengthen the economy, together with elevated flexibility on the labour market, much less pink tape in addition to tax incentives as a part of a corporate tax reform.

“I agree with Christian Lindner. We need to do more for growth and economic dynamics,” Habeck mentioned, including he was working along with Lindner on a reform bundle.

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