Posted 2/4/2024, 10:17:00 AM
German Ministers Propose Corporate Tax Reforms to Boost Struggling Economy
- German economy and finance ministers float the idea of reforming corporate taxes to relieve pressure on companies facing challenges like high energy costs
- They say Germany's corporate tax regime is no longer competitive and conducive to investment
- Habeck notes "extremely tight financial leeway" constraining government
- Lindner calls for measures to strengthen the economy including more flexible labor markets, less red tape, and tax incentives
- Both agree Germany must act swiftly on a policy package to bolster its weakening economy and ensure prosperity