Tax cuts swiftly reappeared on the government agenda Wednesday following the unexpected good news this week that the nation’s finances were not as dire as they seemed.
Britain, France and Germany have agreed to introduce levies on banks to make them help pay for global recovery, the European heavyweights said in a joint statement Tuesday.
Two of Germany’s biggest music stars, Herbert Grönemeyer and Marius Müller-Westerhagen have called for the rich to be taxed more in the current times of crisis in order to spare the poor.
Germany’s state premiers have agreed to overhaul the country’s hated GEZ broadcasting licence fees and institute a per-household charge for public television and radio.
As the German government scrambles to rein in the ballooning deficit, Finance Minister Wolfgang Schäuble has reportedly proposed a hike in so-called 'solidarity' surcharge - the unpopular reunification tax.
Deutsche Securities said Wednesday it mistakenly placed sell orders worth ¥16.7 trillion ($182 billion) at Japan's second largest bourse due to a software glitch.
German taxpayers face extra burdens as the federal government considers tax rises to tackle the gaping budget deficits forecast in the years ahead, a media report said Friday.
Chancellor Angela Merkel has warned that bringing Germany’s budget in line would entail painful spending cuts - but dismissed calls by Hessian state premier Roland Koch to slash funding on education, research and childcare.
Germany’s local governments are slipping into their budget worst crisis since World War II, with total deficits of €15 billion forecast for this year, the German Association of Cities warned Friday.
The pro-business Free Democrats, Chancellor Angela Merkel’s junior coalition partners, on Tuesday hit a new approval rating low following a bitter defeat in a key state poll in North Rhine-Westphalia.
Chancellor Angela Merkel on Monday ruled out tax cuts in Europe's biggest economy "in the foreseeable future" following a "bitter defeat" in a key state poll in North Rhine-Westphalia.
Chances for tax cuts planned by junior coalition party the Free Democrats are grim, according to early figures released on Tuesday ahead of a national tax assessment.
Hundreds of thousands of Germans may not be able to file their 2009 taxes on time, a media report said on Tuesday. System changes at many of the country’s top banks have led to delays in sending out tax records.
Police staged hundreds of raids on businesses across Germany on Wednesday – including the Deutsche Bank headquarters – on suspicion of tax evasion worth up to €180 million connected to emissions trading.
Switzerland is still considering whether to take Germany to court over the purchase of stolen bank data the country is using to root out tax dodgers, Swiss President Doris Leuthard said on Wednesday.
The pro-business Free Democrats are planning to use their party conference Saturday to trumpet their new tax plan, even as senior members of their conservative coalition partners, the Christian Democrats, attack the proposals.
The Free Democrats' watered-down tax reform plans have been given a shot in the arm by their conservative coalition partners, who broadly welcomed the proposals on Wednesday.
The Free Democrats, Chancellor Angela Merkel’s junior coalition partners, on Tuesday presented a greatly scaled-down tax reform proposal aimed at simplifying Germany’s tax system and providing billions in tax relief.
Many German cities and municipalities will go broke if the federal government does not help pay for social benefits programmes, the head of the German Association of Cities and Towns (DST) said on Friday.
Financial markets watchdog Bafin is investigating a subsidiary of Swiss bank UBS that German officials suspect may have helped clients avoid paying taxes, Bafin and the bank said Thursday.
The German government on Wednesday backed a new tax on banks for a fund which could be used for bailouts in the event of another financial crisis, Finance Minister Wolfgang Schäuble said.
A tax on prostitution that is earning Cologne hundreds of thousands of euros a year is gaining favour elsewhere in Germany, with other big cities also considering a levy on sex work.
