German draft law to reduce environmental tax reliefs next year has angered
businesses and unions, who believe it will endanger the economic recovery of the
The German finance ministry proposes to reduce the current environmental tax
relief to 80% from 95% in 2011. It also proposes to reduce it further, to 60%,
in 2012, reports
The Mining, Chemical and Energy Industrial Union said reducing the rebate was
about filling financial holes and had nothing to do with the environmental
Fears have been raised by companies that Germany will lose its
competitiveness and the country could see a mass exodus of business if the
changes are to go through.
The tax reform is set to generate €1bn (£829m) in 2011 for the German
government and circa €1.5bn in 2012.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states