Critics of government tax policy had called for the Finance Minister to signal tax cuts for middle income earners in a forecast on 2019 revenues on Thursday. But Minister Scholz said the government would stick to its current course.
Few countries in the developed world have as high a tax burden as Germany. As the state coffers continue to grow, pressure is increasing on the government to relieve the taxpayer.
The German government is set to sign off a proposal from the Finance Ministry on Wednesday that will provide tax relief totalling €9.8 billion a year. Finance Minister Olaf Scholz promised it would make a big difference to low earners.
The German Finance Ministry on Wednesday published figures that predicted extra tax revenue of €63 billion over the next four years. The Finance Ministry said tax relief could soon follow.
Germany and France on Saturday pledged to deliver a joint proposal to reform the eurozone in time for a leaders summit in June, despite their big differences on the future of the bloc.
Thousands of people lined the streets of Hamburg on Monday to pay their respects to former Chancellor Helmut Schmidt, as the great and the good of Germany, Europe and the world gathered in church to bid him farewell.
Germany's capital and its gateway to the North Sea each released details of their Olympic bids on Monday as the race for the 2024 or 2028 summer games nominations picks up momentum.
Labour Minister Olaf Scholz is planning a €100-million programme to provide micro-credit to small German businesses, financial daily <i>Handelsblatt</i> reported on Wednesday.
Finance Minister Peer Steinbrück has questioned a new law that guarantees pensions will not be reduced even if wage levels go down, saying pensioners today are doing better than ever before, and the younger generation needs help more.