Posted in Finance Politics

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…

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Bundestag passes tax breaks

(GermanPolicy.com) – The German Bundestag has approved tax relief. Among the measures are the continuation of the home office flat rate, a higher allowance for employees in medicine of 4500 euros and improved depreciation options for companies. In addition, the deadlines for filing tax returns…

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Posted in Economy Finance Politics

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,…

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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…

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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…

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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…

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Posted in Economy Finance Politics

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…

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Posted in Economy Finance Politics

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….

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Posted in Finance Politics

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…

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Posted in Finance Politics

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…

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Posted in Economy Finance Politics

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…

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Posted in Economy Finance

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…

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Posted in Economy Finance Politics

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…

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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,…

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Posted in Economy Finance Politics

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…

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Posted in Economy Finance Politics

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…

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Utility cost: tenants’ association for protection against dismissal in the event of late payments

(GermanPolicy.com) – The Tenants’ Association has demanded that terminations to tenants be suspended because of late utility bill payments. Many landlords are demanding higher advance payments on heating costs after energy prices have recently risen sharply. The Haus und Grund owners’ association announced that the…

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Posted in Economy Finance Politics

Energy costs: Consumer Advice Center wants improvements to the second relief package

(GermanPolicy.com) – The Federation of German Consumer Organizations (VZBV) expects back payments for energy from both tenants and owners of apartments. In particular, heating costs from natural gas have risen with no end in sight, said Engelke, head of energy and construction at VZB. This…

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Posted in Economy Finance Politics

CDU-CSU for relief in taxes and duties

(GermanPolicy.com) – The Union parties have called for further steps to be taken to compensate for the increased energy prices through relief. However, the deputy CDU chairman Jung spoke out against a third relief package. According to a press report, he said: “We don’t always…

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Scholz: no turning away from just politics

(GermanPolicy.com) – On the occasion of the May Day rally in Düsseldorf, Chancellor Scholz promised not to end any of the political projects for a society based on solidarity. Increasing the defense budget via a special fund will not result in any reversal in the…

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Posted in Economy Finance Politics

Federal Cabinet decides on second relief package

(GermanPolicy.com) – On Wednesday, the Federal Government decided on a relief package worth several billion Euros. The energy tax on fuel is to be reduced for three months, taxpayers are to receive a one-time lump sum of 300 Euros before taxes, child benefit is to…

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