Financial expert warns of weakening of the Growth Opportunities Act - DIHK concerned about the German economy

Financial expert warns of weakening of the Growth Opportunities Act - DIHK concerned about the German economy

The German Chamber of Commerce and Industry (DIHK) expresses concerns about the effectiveness of Finance Minister Christian Lindner's Growth Opportunities Act. The aim of the law is to relieve the German economy of an average of seven billion euros annually through tax changes and reductions in bureaucracy. DIHK General Manager Martin Wansleben praises the goals and measures of the law, but criticizes that originally planned improvements in the political process have been restricted. In particular, he criticizes the fact that losses in the tax burden should be offset less in favor of companies. He emphasizes that it is important to signal to the German economy that the federal government stands behind companies and wants to strengthen them by reducing bureaucracy and reducing tax burdens.

According to the article, other critics of the law include the Federal Council and the German Association of Cities, who are concerned about reduced tax revenue and a lack of investment in climate protection, public transport, digitalization and all-day expansion.

It should be noted that a public hearing in the Finance Committee on the Growth Opportunities Act is planned.

The information published in the article provides insight into the concerns and criticisms of various interest groups about the planned Growth Opportunities Act. The DIHK, the Federal Council and the German Association of Cities all fear possible negative effects of the law on the economy, tax revenues and public investments. It remains to be seen how the law will develop and what changes will be made in the political process. The concerns mentioned have the potential to have an impact on the market and the financial sector, particularly in relation to investments, tax burdens and public spending.