The Low Chamber of the German Parliament approved a relief close to 46,000 million euros, with the aim of promoting investment.
The German Parliament approved on Thursday a billionaire package of fiscal relief measures for companies with the aim of promoting investment. The new regulations are part of the new government’s plans so that the largest economy of Europe Return to the path of growth after two years of decline.
The package, qualified by the “investment enhancer” government, contains Fiscal deductions for companies worth almost 46,000 million euros (US $ 54,000 million) From this year until 2029.
Of course, the measure generates a hole in the state coffers that promoted the rejection of district governments.
The bill was approved in the lower house, the “Bundestag”, with the support of conservatives and social democrats, which make up the coalition of the German government.
What will the fiscal relief for companies in Germany be?
The measures intend reduce fiscal invoice of companies with favorable amortization options for investments of up to 30% and for the purchase of electric cars of up to 75%.
The package also promises a reduction in a percentage point of the type of societies Every year for five years from 2028, to 10% in 2032.
The package must still be approved by the Upper House, the “Bundesrat”, predictably on July 11.
To earn the support of the federated states, whose support is key in the upper house, the Government has committed to cover a large part of the resulting tax revenue losses.
Source: Ambito
