Latest news with #statepremiers
Bloomberg
8 hours ago
- Business
- Bloomberg
Germany Clears Path for €46 Billion in Tax Cuts With State Deal
Germany's ruling coalition reached an agreement with the country's state premiers on how to share the financial burden from a €46 billion ($53 billion) package of tax breaks intended to boost economic growth. A working group of the federal and state governments sealed the deal late Monday that will see Berlin absorb costs from corporate tax cuts for municipalities until 2029, using revenue from sales taxes, according to officials familiar with the talks.
Bloomberg
10 hours ago
- Business
- Bloomberg
Germany Reaches Deal With States on Sharing Burden From Tax Cuts
Germany's ruling coalition reached an agreement with the country's state premiers on how to share the financial burden from planned corporate tax cuts meant to boost economic growth. The working group of the federal and state governments sealed a deal late Monday that will see Berlin taking over the costs for municipalities until 2029, using revenue from the sales tax, according to officials familiar with the talks.
