Tag: Finance
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
