Germany to Sign Off on Corporate Tax Cuts to Help Revive Growth
Germany's cabinet is set to pass a package of tax breaks for companies worth an estimated €46 billion ($52 billion) on Wednesday as part of a broader push to revive an economy that's forecast to stagnate for a third straight year in 2025.
Chancellor Friedrich Merz's ruling coalition — comprising his conservative CDU/CSU bloc and the Social Democrats — agreed on write-offs of as much as 30% for companies purchasing movable assets between the end of June this year and January 2028, according to a draft law seen by Bloomberg.
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