Tag: Finance
Labor costs rose in the first quarter due to the Corona crisis
The hourly labor costs incurred by employers in the first quarter of 2020 rose, after adjustment, by 4.3 percent in comparison with the same period in the previous year, the Federal Statistical Office announced. The hours worked can be lower, in the case of vacation…
Union parties, SPD: von der Leyen bears no responsibility in consultancy affair
The former Federal Minister of Defense Ursula von der Leyen (CDU), according to the CDU-CSU and SPD members of a Bundestag investigation committee, is not responsible for the advisory affair of her, then, ministry. However, responsibility does lie at the level of the State Secretaries….
Teachers’ association: additional educational package makes sense
The German Teachers’ Association has emphasized that it makes sense to put together an “additional education package,” allowing funding in the areas of renovation and modernization, with at least 20 billion Euros. The president of the association, Heinz-Peter Meidinger, complained that the education sector had…
Brinkhaus for a balanced budget
The parliamentary leader of the CDU and CSU in the Bundestag, Brinkhaus, wants to achieve a balanced federal budget again, “as soon as possible”. There should be no new debt in 2021 and 2022. One had to go back to the mode of budgeting which…
Lindner opts for income tax reform
The chairman of the FDP, Christian Lindner, has criticized the provisional reduction in VAT and called for the income tax to be reformed instead. The solidarity surcharge could be abolished at the same time, he indicated. The reduction in VAT leads to bureaucratic effort, Lindner…
2 million applications for Corona Emergency Aid
2 million self-employed and small businesses have applied to the Federal Government’s Corona emergency aid. According to a document by the Ministry of Finance and the Ministry of the Economy, the applications amount to a total volume of 13.7 billion Euros. According to the document,…
Economic expert for limited non-wage labor costs
The chair of the German Council of Economic Experts, Lars Feld, has questioned the planned basic pension. The reason is that the social security contributions, also known as non-wage labor costs, “should not exceed the 40 percent mark.” In the long run, the basic pension…
Coalition committee approves 130 billion Euro stimulus package
The federal government’s stimulus package will include a total of 130 billion Euros for 2020 and 2021, it was decided on Monday evening by the leaders of the coalition committee. On July 1 and up until December 31, VAT is expected to drop from 19…
The EU should help developing countries during the Corona crisis
Development Minister Müller is committed to ensuring that the EU takes greater account of the global consequences of the Corona pandemic. So far, the EU has not really eyed developing countries in the face of the crisis. An emergency component would have to be installed…
Federal Government wants to provide funds for non-profits
According to plans by the federal government, non-profit organizations are to receive separate support as part of the economic stimulus package. This emerges from a joint key point paper from the ministries in charge of finance, economy, work, family, and home affairs. “The non-profit sector…
CSU wants double tax allowance for single parents
The CSU is committed to doubling the tax exemption for single parents. This should be raised to 4,000 Euros, said Alexander Dobrindt, head of the CSU group in the Bundestag. According to the statistics, there were 2.6 million single parents in Germany two years ago.
Ministry of Family Affairs for compatibility of work and childcare
The Federal Ministry of Family Affairs would like to use a Corona platform that can be called up on the Internet to show companies some good examples of how work, homeschooling, and other forms of childcare can be combined. Federal Minister of Family Affairs Giffey…
