Durand First – UMC

Main Menu

  • Home
  • Church Leaders
  • Global Ministries
  • Methodism
  • Methodist Church
  • Borrowing

Durand First – UMC

Header Banner

Durand First – UMC

  • Home
  • Church Leaders
  • Global Ministries
  • Methodism
  • Methodist Church
  • Borrowing
Global Ministries
Home›Global Ministries›German finance minister promises tax breaks from 2023

German finance minister promises tax breaks from 2023

By Ellen McCoy
January 2, 2022
0
0

The minister is also planning a tax bill to help businesses deal with the ongoing coronavirus pandemic

Reuters

02 January 2022, 13:55

Last modification: 02 January 2022, 13:59

German Finance Minister Christian Lindner speaks during a plenary session of the lower house of the German parliament, the Bundestag, in Berlin, Germany, December 16, 2021. Photo: Reuters

“>

German Finance Minister Christian Lindner speaks during a plenary session of the lower house of the German parliament, the Bundestag, in Berlin, Germany, December 16, 2021. Photo: Reuters

Germany’s new government will offer tax breaks for individuals and businesses worth at least 30 billion euros ($ 34.1 billion) during this legislature, Finance Minister Christian Lindner said on Sunday.

“We will relieve individuals and small and medium-sized enterprises of well over 30 billion euros,” Lindner told the Bild am Sonntag newspaper.

Noting that the 2022 budget was drawn up by the previous government of Chancellor Angela Merkel, Lindner said his plan for 2023 will include relief such as pension insurance contributions and the end of a surcharge on the price of electricity.

Meanwhile, Lindner, leader of the budget-cautious Free Democrats (FDP), said he had asked his cabinet colleagues to review their ministries’ spending plans.

“We need to get back to sound public finances. We have a responsibility to the younger generation,” he said.

Lindner said one way to save money would be to ditch the construction of a new government terminal at Berlin’s BER Airport, which is expected to cost 50 million euros. He suggested that a temporary building could be used permanently.

The minister is also planning a tax bill to help businesses cope with the current coronavirus pandemic, in particular by allowing them to offset losses in 2022 and 2023 with profits from previous years.

Due to the pandemic, Chancellor Olaf Scholz’s ruling coalition agreed to use an emergency clause in the constitution for the third year in a row in 2022 to suspend debt limits and allow new borrowing of $ 100 billion. ‘euros.

From 2023, the coalition aims to return to the debt brake rule in the constitution which limits new borrowing to a tiny fraction of economic output. ($ 1 = 0.8797 euros)


Source link

Related posts:

  1. Has Egypt made any concessions in the Halayeb and Shalateen dossier to satisfy Sudan?
  2. With spiritual motivation, sisters actively care for the Earth
  3. Vietnam and Taiwan are among the only countries in the world to have truly beaten COVID-19
  4. Sudan: weekly summary of press articles

Recent Posts

  • Pew Research Abortion Survey Shows Role of Religion in Abortion Debate
  • Bishop Vashti McKenzie to lead the National Council of Churches for the next two years
  • Gambia to host 3rd Continental Curriculum Conference
  • Jane Starz | News, Sports, Jobs
  • Moscow continues to ignore calls for peace from religious leaders | News

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • September 2020
  • August 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020

Categories

  • Borrowing
  • Church Leaders
  • Global Ministries
  • Methodism
  • Methodist Church
  • Terms and Conditions
  • Privacy Policy