Category: Finance
Kretschmer opts for a securitization of the EU’s external borders
(GermanPolicy.com) – The Saxon Prime Minister, Kretschmer (CDU), has criticized the fact that the number of refugees has increased to such an extent that the municipalities have reached the limits of their capacity. He also suggested securing the EU’s external borders in Bulgaria, according to…
Refugee costs will be renegotiated in May
(GermanPolicy.com) – On Thursday, Chancellor Scholz and the Prime Ministers of the Federal States discussed the distribution of refugees in Germany and the costs involved. Lower Saxony is currently presiding over the Prime Ministers’ Conference. As a spokeswoman for the Lower Saxony State Government announced,…
Germany ticket: Bund bears half of the costs
(GermanPolicy.com) – The German Bundestag has decided that half the cost of the ticket, also known as the ’49-Euro-Ticket’ – now officially called the ‘Germany ticket,’ can be covered by the Federal Government. The ticket permits travelers to use local and regional transport – bus…
Scholz rejects changes in budgetary policy
(GermanPolicy.com) – German Chancellor Scholz (SPD) has rejected a change in budgetary policy with reference to the coalition agreement. This comes after Federal Economics Minister Habeck (Greens) and Federal Finance Minister Lindner (FDP) had taken different positions. Budgetary policy, tax policy, and social projects are…
Anniversary of the Elysée Treaty Celebrated in Paris
(GermanPolicy.com) – On the occasion of the 60th anniversary of the friendship treaty between France and Germany – once signed between President de Gaulle and Chancellor Adenauer – the current French President Macron and German Chancellor Scholz announced last weekend that they want to drive…
Bundestag approves budget
(GermanPolicy.com) – The German Bundestag has passed the budget for the current year, with a borrowing of almost 139 billion Euros. The special editions total almost 100 billion Euros. In order to allow for the budget, the debt brake, enshrined in the Basic Law, was…
Bundestag passes tax breaks
(GermanPolicy.com) – The German Bundestag has approved tax relief. Among the measures: the continuation of the home office flat rate, a higher allowance for employees in medicine of 4,500 Euros, and improved depreciation options for companies. In addition, the deadlines for filing tax returns have…
Reduced taxes on fuel
(GermanPolicy.com) – Fuel prices will be reduced on the tax side for the months of June to August. That was decided by the Bundestag. In the case of petrol, the tax component is now reduced by 29.55 cents per liter, including VAT by 35.20 cents,…
Bundestag passes tax relief law
(GermanPolicy.com) – The German Bundestag passed the tax relief law against the votes of the CDU-CSU. The left and the AfD voted with abstentions. The amount of the relief is 4.46 billion Euros in the current year and probably 22.5 billion Euros by 2026. This…
FDP defends relief package
(GermanPolicy.com) – The FDP parliamentary group leader in the Bundestag has defended criticism of the CDU-CSU on the relief that has now been decided. “In just a few weeks, the traffic light coalition has provided more noticeable relief than the Union has in the last…
Paus wants to support families
(GermanPolicy.com) – Federal Family Minister Paus wants to increase the amount of state benefits together with the introduction of a basic child security. The goal is for families to have more net money at their disposal. Paus emphasized that the beneficiaries had to be able…
Union parties for a more effective fight against inflation
(GermanPolicy.com) – The CDU-CSU is calling for a more effective fight against the currently high inflation and is thus encountering resistance from the three governing parties. They emphasize that relief in the billions has already been decided. Union vice-chairman Spahn criticized that the government was…
Lindner wants to support companies more
(GermanPolicy.com) – Federal Finance Minister Lindner wants to support companies better financially, on the supply side. This emerges from a strategy paper by Lindners government department. Internationally, the tax rules for corporations must be competitive. In addition, planning and approval procedures need to be accelerated….
Several CDU states criticize supplementary budget
(GermanPolicy.com) – Several states governed by the CDU have criticized the Federal Government’s supplementary budget. The Hessian Prime Minister Bouffier said the budget had numerous shortcomings, and that he cannot consent. Pensioners and students are not included in the budget. Lower Saxony’s Finance Minister Hilbers…
More tax revenue than expected
(GermanPolicy.com) – The state can apparently prepare for significantly more funding than was previously expected. This was announced by Federal Finance Minister Lindner. According to the tax estimate, the federal, state and local governments can expect additional income of 40.4 billion Euros. By 2026, including…
BDA calls for moderate wage settlements
(GermanPolicy.com) – The Confederation of German Employers’ Associations (BDA) has called on unions to make moderate, responsible wage demands. BDA President Dulger said that moderate wage agreements are in the interests of both social partners. As a result of the current crises, it is important…
Former chief of top economists warns of a dangerous spiral
(GermanPolicy.com) – The former chief of Germany’s top economists, Feld, has warned of a wage-price spiral if excessive wage demands are made. Permanent increases in standard wages would further fuel inflation. If one wanted to fully compensate for inflation, this would have a negative impact…
Lindner against renewed generalized relief measures
(GermanPolicy.com) – Federal Finance Minister Lindner has expressed reservations about calls for renewed relief in response to high inflation. One is able to cushion economic hardships. It is also possible to prevent structural breaks. “But all this has the character of a shock absorber.” Aid…
Union parties against extra taxation of companies
(GermanPolicy.com) – The CDU-CSU has spoken out against the Greens’ proposal to tax companies that make particularly high profits as a result of the Ukraine war. Citizens and companies are unsettled because of the record inflation. Therefore, the discussion is going in the wrong direction,…
FDP general secretary wants to abolish cold progression
(GermanPolicy.com) – FDP General Secretary Bijan Djir-Sarai has spoken out against further relief packages. “The state will not be able to keep up with the higher energy prices which are now emerging,” he said. On the other hand, the abolition of cold progression as a…
Increase in the savings allowance
(GermanPolicy.com) – The savings allowance will be increased. This results in annual tax savings of around 230 million Euros. As reported by the Federal Ministry of Finance, according to media reports, the Federal Government will lose 160 million Euros, the federal states 140 million Euros…
