(GermanPolicy.com) – The Federation of German Industries (BDI) has campaigned for tax cuts in the interests of business. The average tax rate for German companies is 30 to 31 percent. This means that no competitiveness is possible, the BDI criticized. In the EU, on the other hand, the tax burden is only 21 percent. A wealth tax would “catastrophically” lower the value of companies, the association warned.