Tag Archives: TAX (URGENT)

Germany agrees tax breaks worth 11 billion euros – Handelsblatt | Instant News


BERLIN, January 20 (Reuters) – Germany’s federal and state governments have approved tax breaks worth around 11 billion euros, the Handelsblatt business daily reported on Wednesday, citing a Ministry of Finance document.

The federal and state governments agreed on Tuesday, when they extended the closure of most shops and schools through February 14, that they needed to stimulate the economy further.

The tax breaks will benefit everyone working from home, Handelsblatt said, adding that between 2022 and 2026, the Ministry of Finance expects 11.7 billion euros in aid as a result of the measures. (Written by Paul Carrel Editing by Riham Alkousaa)

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