Category: Finance
CDU/CSU committed to further stabilizing the pension system
(de-news.net) – The CDU/CSU parliamentary group has reaffirmed its commitment to advancing reforms within the statutory pension system, emphasizing the imperative of expedient implementation over continued empirical examination. Stefan Nacke (CDU), chair of the CDU/CSU parliamentary group’s labor wing, underscored that the informational groundwork laid…
‘Investment booster:’ Germany slashes business taxes, expands depreciation
(de-news.net) – In an effort to stimulate economic expansion, the German Bundestag has enacted a comprehensive fiscal reform package aimed at substantially reducing the tax burden on enterprises. Central to the legislation is the introduction of enhanced depreciation allowances, enabling companies to deduct up to…
Coalition advances pension legislation anchored in fiscal expansion and social equity
(de-news.net) – In an initiative to ensure long-term stability in pension entitlements and to enhance the scope of the “Mütterrente” (mothers’ pension supplement), Federal Minister of Labour Bärbel Bas has introduced a comprehensive legislative proposal, advanced by the CDU/CSU and SPD. The legislative draft, under…
Germany’s fiscal trajectory recalibrated: emphasis on public investment, defense, and climate infrastructure
(de-news.net) – The current fiscal strategy articulated by Federal Finance Minister Lars Klingbeil (SPD) for the 2025 budget and the medium-term financial framework underscores a paradigm shift toward expansive, debt-financed public investment, aimed at fostering economic growth, modernization, and national security. In this context, the…
How the social insurance system will be stabilized
(de-news.net) In order to stabilize the nation’s social insurance systems, the Federal Government intends to provide significant financial assistance in the form of aid packages worth billions of euros in 2025. A multi-year loan of 2.3 billion euros is to be given to the Health…
Invoices and financial records may have to be retained longer
(de-news.net) – According to proposals advanced by Federal Finance Minister Lars Klingbeil (SPD), commercial entities will once again be obliged to retain invoices and financial records for an extended period. As reported by various media outlets citing the chair of the SPD, the ministerial staff…
BDI sees favorable performance of the new German government
(de-news.net) – The President of the Federation of German Industries (BDI), Peter Leibinger, has conveyed a favorable assessment of the current federal coalition, commending its promising initial performance and its commitment to implementing pertinent administrative and fiscal reforms. He emphasized that the government’s efforts to…
Law on Citizen’s Income reform to be presented in the near future
(de-news.net) – Federal Minister of Labor Bärbel Bas SPD) aims to swiftly implement reforms to the Citizen’s Income system. The SPD politician stated in Berlin that individuals who miss appointments should face stricter penalties. Additionally, she intends to modify the grace period for personal assets,…
Kretschmer, other Prime Ministers propose new revenue mechanism
(de-news.net) – To enhance economic growth, the Federal Government has proposed a comprehensive business relief initiative, a policy reform deemed necessary by the Federal States. However, state premiers have expressed concerns regarding the potential financial burden this program may impose on regional and municipal administrations….
MIT for a reduction of Germany’s state quota
(de-news.net) – In a resolution adopted by the Federal Executive Board of the Mittelstands- und Wirtschaftsunion (MIT), the economic wing of the Christian Democratic Union (CDU) has advocated for a reduction in Germany’s state quota from approximately 50 percent to below 45 percent. MIT Chair…
Industry stakeholders welcome corporate tax relief
(de-news.net) – The government’s proposed corporate tax relief measures have been positively received by key industry stakeholders. The German Chemical Industry Association described the initiative as a “substantive economic policy signal,” reflecting strong approval. The German Association of the Automotive Industry particularly welcomed the tax…
Bas (SPD) for preventing social assistance abuse
(de-news.net) – Federal Minister of Labor Bärbel Bas (SPD) has articulated her commitment to intensifying measures aimed at preventing the misuse of social assistance. To more effectively address systemic abuse, she underscored the imperative of enhanced data exchange and the coordinated collaboration of federal, state,…
