Posted in Finance Politics

Tax estimators expect more in tax revenue

(GermanPolicy.com) – According to the Federal Ministry of Finance’s tax estimate, the three traffic light parties, namely the SPD, the Greens, and the FDP, can expect 71.7 billion Euros more tax revenues from 2021 to 2025. If the municipalities are included, an additional revenue of…

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Posted in Economy Finance Politics Technology

Ecology should be given greater consideration in the traffic route plan

(GermanPolicy.com) – The traffic light parties – SPD, Greens and FDP – want to review the Federal Transport Infrastructure Plan 2030. This should be done from an ecological point of view. Unnecessary and harmful projects could not be extended. Environmental associations should be included in…

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Posted in Economy Finance Politics

World Climate Conference: agreement against deforestation and methane emissions

(GermanPolicy.com) – At the beginning of the World Climate Conference in Glasgow, Chancellor Angela Merkel advocated in favor of the concept of CO2 pricing. Steps by the states alone will not suffice, she said, however the industry can get to climate neutrality through carbon pricing….

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Posted in Finance Politics

Stalling coalition negotiations between traffic light parties

(GermanPolicy.com) – The Greens have expressed dissatisfaction with the coalition negotiations leading to the formation of a new Federal Government. The Greens’ Federal Managing Director Michael Kellner commented on the faltering talks with the words: “We are currently seeing too little progress in terms of…

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Posted in Finance Politics

FDP chairman Lindner against higher net borrowing

(GermanPolicy.com) – FDP chairman Christian Lindner is against increases in net borrowing as part of the coming Federal Budget beyond 100 billion Euros. The funds for 2022 are already adequate, Lindner emphasized. It had previously been publicly speculated that the Federal Government’s energy and climate…

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Posted in Finance Politics

Walter-Borjans (SPD) warns against a reduction of state benefits

(GermanPolicy.com) – Norbert Walter-Borjans, the outgoing co-chairman of the SPD, has publicly contradicted the FDP. It is impossible to relieve middle incomes without taxing higher earners to a higher degree, he said. Without a contribution from the “top earners,” people central to the country will…

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Posted in Economy Finance Politics

Wissing (FDP) defends retirement benefits through shares

(GermanPolicy.com) – FDP Secretary General Wissing (FDP) has described the entry into a share-linked pension scheme as announced by the traffic light parties – SPD, Greens and FDP – as the right step. Without capital formation on the stock market, tax grants and contributions would…

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Posted in Finance Politics

Söder for relief from VAT

(GermanPolicy.com) – According to CSU chairman Söder, certain VAT rates should be reduced in order to cushion the social disadvantages caused by the currently higher energy prices. A reduction in VAT, as well as on energy and fuel, would be tantamount to relief. In addition,…

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Posted in Economy Finance

Tenants more at risk of poverty than property owners

(GermanPolicy.com) – According to the Federal Government, a quarter of all rented households are at risk of poverty. The rate of poverty risk for tenants is twice as high as it is for property owners. People in Europe who have less than 60 percent of…

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Posted in Economy Finance

Fitch confirms Germany’s excellent creditworthiness

(GermanPolicy.com) – The US rating agency Fitch has confirmed Germany’s excellent creditworthiness and retained its AAA rating. Fitch sees Germany’s outlook as “stable”. In their justification, Fitch experts referred to the diversified economy, strong institutions, and stable public finances in Germany. The experts expect that…

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Posted in Finance Politics

Merkel satisfied with G20 agreement on minimum taxation

(GermanPolicy.com) – Chancellor Angela Merkel has expressed her satisfaction with the agreement on minimum taxation for large companies which has been reached at the G20 summit in Rome. The agreement is a clear “signal of fairness in the age of digitization,” said Merkel. With regard…

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Posted in Finance Politics

Lindner criticizes SPD and Greens on the subject of tax relief

(GermanPolicy.com) – The chairman of the FDP, Christian Lindner, has criticized the SPD and the Greens after politicians from both parties claimed that small and medium-sized companies cannot be relieved of taxes because the FDP rejected a tax for top earnings. Lindner emphasized that it…

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Posted in Finance Politics

Söder warns of new government taking up massive debt

(GermanPolicy.com) – The chairman of the CSU, Markus Söder, has appealed that the two Union parties adjust to the opposition role. “It must be clear to everyone that we, as a Union family, are facing a profound turning point,” he said on Friday. The ‘traffic…

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Posted in Finance Politics

Social association and pension expert warn of financial problems

by Thorsten KochGermanPolicy.com According to pension expert Axel Börsch-Supan, a “financial shock” might occur if the SPD, FDP and the Greens do not manage reforms of the statutory pension insurance. In view of the more than three million new pensioners to retire in the next…

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Posted in Economy Finance Politics

New minimum wage to benefit employees outside collective agreements

(GermanPolicy.com) – According to a recent study, a higher minimum wage – i.e. an increase to 12 Euros per hour – benefits around 8.6 million employees. Currently, around 30 percent of employees work outside the collective wage and for less than 12 euros, according to…

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Posted in Finance Politics

Basic child security can reduce risk of poverty

(GermanPolicy.com) – The planned basic child security, as advocated by the Greens, can reduce the risk of poverty of families with children by an average of around 3 percent. At the same time, the burden on low to medium incomes is relieved, commented the Ifo…

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Posted in Finance Politics

SPD and Greens for “adequate” citizens’ money

by Thorsten KochGermanPolicy.com The co-chair of the SPD, Esken, is in favor of the fact that the hight of the soon-to-be-introduced citizens’ money, which is soon to replace Hartz IV, will be newly set within the coalition negotiations. The citizenship must be “adequate,” she said,…

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Posted in Economy Finance

Scholz (SPD): investments as protection against electricity gaps

(GermanPolicy.com) – SPD Chancellor candidate Scholz (SPD) has promised to accelerate the transformation of the economy into a climate-neutral industry after the election of the next Federal Government. Everything will be done to ensure that Germany does not suffer an electricity gap, and to do…

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Posted in Economy Finance

Increase in price development

(GermanPolicy.com) – Consumer prices continued to climb in October, the Federal Statistical Office announced. The inflation increased to a total of 4.5 percent, accordingly, after it was seen at 4.1 percent in September. This can be explained by the VAT reductions and the lower costs…

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Posted in Finance Politics

Habeck: credits to finance climate measures

(GermanPolicy.com) – Co-chairman of the Greens Habeck is campaigning for Germany to take out more loans to finance domestic measures in view of climate protection. The public purse is supposed to go into debt in order to enable climate investments. Debt should also be possible…

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Posted in Finance Politics

Scholz and Habeck comment on tax relief

(GermanPolicy.com) – Chancellor candidate Scholz (SPD) and Greens chairman Habeck see no possibility of achieving tax relief for small and medium incomes. The FDP rejects increases in taxes and duties. Scholz and Habeck said that relief is only possible if taxes on higher income increases….

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Posted in Finance Politics

Greens want to negotiate better housing benefits

(GermanPolicy.com) – In the coalition negotiations starting this Wednesday, the Greens want to campaign for the housing benefit, the basic income and the tax-free subsistence level to be increased. These measures are meant to counteract the rise in energy prices. With a higher housing benefit,…

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Posted in Finance Politics

SPD, Greens, and FDP: no fundamental tax reform

(GermanPolicy.com) – The traffic light parties (SPD, Greens, and FDP) do not want to tackle a major tax reform, all three parties announced, according to media reports. The solidarity surcharge should not be abolished, nor should other major reliefs be decided upon. In contrast, the…

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Posted in Finance Politics

CDU expert warns against ‘flexibility’ in debt

(GermanPolicy.com) – The chairman of the Medium Enterprises and Economy Union, Linnemann (CDU), has warned of a growing mountain of debt. In the exploratory paper on the coalition negotiations between the SPD, the Greens, and the FDP, nothing can be found with respect to the…

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Posted in Finance Politics

The KfW could play a role in climate protection

(GermanPolicy.com) – The state bank KfW is to play a role in the expansion of the future government’s climate policy projects. Investments in climate protection should therefore also be financed by credit. As an investment agency, the bank could lead to innovation for part of…

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