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