Germany cuts tax estimates by over €33 billion
Uniunea Europeana
The downward revision is attributed to a general economic downturn and fiscal relief adopted by the government Germany’s tax income is projected to drop by billions of euros over the next four years, according to figures released by the country’s Council of Economic Experts earlier this week. The forecast cut reflects the economy’s sluggish performance and a major tax relief package included in the federal government’s budget bill. The federal government alone is expected to collect €33.3
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