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Finance Minister Lindner emphasizes: Not all problems can be solved with money - the federal government is increasing tax relief to 7 billion euros
According to a report from www.tagesschau.de, the federal government is planning tax measures to provide greater relief to the economy and stimulate economic growth. Federal Chancellor Olaf Scholz and Vice Chancellor Robert Habeck, together with Finance Minister Christian Lindner, presented a ten-point plan. This plan includes tax relief for companies, reductions in bureaucracy, investments in climate protection, the recruitment of skilled workers from abroad and faster planning and approval processes. A key measure is the planned Growth Opportunities Act, which is to be increased to 7.035 billion euros annually for the period up to 2028. This law includes, among other things, the tax crediting of losses and the temporary introduction of declining balance depreciation...
Finance Minister Lindner emphasizes: Not all problems can be solved with money - the federal government is increasing tax relief to 7 billion euros
According to a report by www.tagesschau.de,
The federal government is planning tax measures to provide greater relief for the economy and stimulate economic growth. Federal Chancellor Olaf Scholz and Vice Chancellor Robert Habeck, together with Finance Minister Christian Lindner, presented a ten-point plan. This plan includes tax relief for companies, reductions in bureaucracy, investments in climate protection, the recruitment of skilled workers from abroad and faster planning and approval processes.
A key measure is the planned Growth Opportunities Act, which is to be increased to 7.035 billion euros annually for the period up to 2028. This law includes, among other things, the tax crediting of losses and the temporary introduction of declining balance depreciation for residential buildings. In addition, further relief is to be provided in the corporate sector, including an investment bonus to promote the transformation of the economy towards climate protection.
The economic downturn in Germany, which has led to a decline in economic output and stagnating economic performance, requires such measures. However, Finance Minister Lindner emphasized that not all problems can be solved with money, as there are also lengthy, bureaucratic procedures and a shortage of skilled workers that require solutions.
The federal government's economic plans presented can stimulate economic growth and encourage companies to make and promote investments. Increasing the relief volume in the Growth Opportunities Act and the tax incentives can help improve the current economic situation. However, it remains to be seen to what extent the implementation of the measures and the precise design of the law will have the desired effects on the market and the financial sector.
Read the source article at www.tagesschau.de