TaxCorporate TaxGerman corporate tax cuts hit buffers

German corporate tax cuts hit buffers

SPD revolt means cuts to under 30% may not go ahead as planned

Plans to cut the rate of
German
corporation tax
have hit a hurdle, after members of the ruling coalition
revolted against the moves.

Members of the Social Democratic Party have reportedly objected to the
proposals, which entail cutting the nominal tax rate on businesses from 38.7% to
29.8%.

The move is being opposed by SPD members who say voters see the reform as a
gift to business after
years of cuts to
welfare payments, the
FT
reported
.

Further Reading;

Read
the FT story

German taxman ends Hargreaves
move to Man Utd

Corporation tax minefield is
creating ‘two-tier’ system

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