Tag: Finance
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…
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…
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…
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…
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…
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…
Federal government launches supplementary budget
(GermanPolicy.com) – The Federal Government on Wednesday cleared the way for a supplementary budget, which is to apply in the current financial year and which will serve to guarantee energy relief, company aid, and the care of Ukrainian refugees in Germany. For the said budget,…
Electricity price should fall thanks to lower surcharge
(GermanPolicy.com) – The EEG surcharge will be abolished on July 1st of the current year – instead of in 2023. That was decided by the German Bundestag. This means that citizens are benefiting with the greatest electricity price relief in many decades, as commented by…
Lindner (FDP) wants to compensate for cold progression
(GermanPolicy.com) – Federal Finance Minister Lindner (FDP) would like to noticeably limb the employees in 2023. The state should not “enrich itself from salary increases that only compensate for the rise in prices,” Lindner explained. In autumn, therefore, the cold progression should be solved in…
FDP for higher additional income limits for social assistance
(GermanPolicy.com) – The socio-political spokesman for the FDP in the German Bundestag, Kober, has spoken out against a reduction in VAT on staple foods. Rather, the additional income limits of social assistance recipients should be increased. Such a step is already provided for in the…
