Germany’s new government plans to implement a €46bn corporate tax break package to stimulate the economy, with Finance Minister Lars Klingbeil set to present the measures aimed at enhancing competitiveness and encouraging investment by summer. Key incentives include allowing companies to deduct 30% of new machinery costs from taxes and gradually reducing the corporate tax rate from 15% to 10% by 2028. This initiative is part of a broader strategy to modernize infrastructure and support manufacturing, amidst challenges like minimal growth and competition from China.
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