TaxCorporate TaxMerkel cabinet agrees corporation tax cut in Germany

Merkel cabinet agrees corporation tax cut in Germany

Cabinet agrees move but members of the coalition could still scupper the move

Angela Merkel’s cabinet have agreed to a huge coporation tax cut, from over
38% to 29.8%, the FT reported

Leftwing members of the coalition government continue to oppose the move,
however, which will see
Germany offering a lower
corporate tax rate than the
UK
.

The German government is also pushing through restrictions to
interest relief, worrying
private equity firms.

Further reading;

Germany
moves to cut interest relief

UK tax competitiveness; haven
can wait

Fears grow of Pan-European
interest relief cuts

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