German government wants to cut tax burden by more than 30 billion by 2025 – Europe

The new German Government led by Social Democrat Olaf Scholz wants to reduce the tax burden by more than 30 billion euros for families and businesses by 2025. The aim is for this tax burden reduction to be introduced in next year’s Budget and if extend to the end of the legislature.

The promise was left by German Finance Minister Christian Lindner in an interview with the German newspaper Bild, where he discussed the plans of the new government for a four-year term. “In this legislature, we are going to ease taxes on people and small and medium-sized businesses by more than 30 billion euros,” he said.

Bearing in mind that the 2022 Budget was also drafted by the previous Angela Merkel Government, Christian Lindner clarified that the plan to ease taxes on families and businesses will only come into effect with the 2023 Budget, which will include a relief in contributions for the reform and the end of the surcharge on the electricity price.

Christian Lindner stresses, however, that this reduction “should not compromise the balance of public accounts”. To that end, the new German finance minister, who is also the leader of the liberal FDP party, asked his colleagues in government to review their Ministries’ spending in order to move forward with the measure.

One of the plans that could be discarded to make way for the reduction of the tax burden is the construction of a new terminal at the airport in Berlin-Brandenburg, which will cost around 50 million euros. The idea is that the temporary building created to give vent to busy flights in the capital will become permanent.

“We have to return to maintaining solid public finances”, he said, stressing that this is “a responsibility” that the Government has “with the younger generations”.

Source: Jornal de Negócios by

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