Reported 2 days ago
Germany's new government has introduced a growth booster program aimed at revitalizing the economy by offering significant tax breaks and cuts to encourage investment. This initiative includes a notable tax write-off on machinery investments over the next three years and plans to reduce the corporate tax rate from 15% to 10% from 2028 to 2032. The measures also aim to promote the purchase of electric vehicles and support research investment. Finance Minister Lars Klingbeil emphasized the importance of making Germany a more competitive location in the global market.
Source: YAHOO