Large Tax Cuts Rejected
World Economy

Large Tax Cuts Rejected

German Finance Minister Wolfgang Schaeuble rejected demands on Saturday from some fellow conservatives for large tax cuts after a September election, saying there was only scope for about €15 billion ($16 billion) in reductions, DW reported. Schaeuble, whose priority is maintaining a balanced budget in Europe’s biggest economy, told Badische Neueste Nachrichten newspaper that deeper tax cuts would require new debt. Some members of Chancellor Angela Merkel’s Christian Democrats want to see tax cuts of about €30 billion. But Schaeuble said Germany needed to ensure it had sufficient financial resources to spend on security, infrastructure, the integration of migrants and research.


Short URL : https://goo.gl/YUACus
  1. https://goo.gl/A46e3G
  • https://goo.gl/ywURgK
  • https://goo.gl/L9uxi2
  • https://goo.gl/vG1ycp
  • https://goo.gl/uYOmXw

You can also read ...

WB Predicts Myanmar Growth at 6.7 Percent
Given the government’s efforts to accelerate reforms and to...
Economists say the rise in rates would be much steeper if markets believed that Italy was actually prepared to go through with the plans. So far (the market reaction) has been clear, but not extreme.
The European Union's budget commissioner says he hopes Italy's...
New export orders in European manufacturing PMIs have been slipping for months and are likely to fall further in May.
While the on-again, off-again threat of an all-in trade war...
Poland to Become Less Dependent  on EU Funds
The Polish economy will become less and less dependent on the...
South Korea has ranked 5th with 1.1% expansion.
South Korea’s economic growth rate ranked fifth among members...
Talent Deficit May Hit Major APEC Economies
Asia Pacific faces an imminent labor shortage of 12.3 million...
Qatar Bans Goods From S. Arabia, UAE, Bahrain, Egypt
Qatar is stripping shop shelves of goods that come from rival...
N. Korea Not Seeking US Aid
North Korea on Sunday fumed at US reports that the country is...

Add new comment

Read our comment policy before posting your viewpoints