The German economy insists on billions in tax relief for the company. “In the taxes, there is an urgent need for action,” said the President of the German chamber of Commerce and industry tags, Eric Schweitzer, the German press Agency in Berlin.

“If the coalition can internally some relief for our company, it adopts approvingly that the German economy loses competitiveness.” Industry President Dieter Kempf said: “For businesses, it is increasingly an existential threat that the Federal government provides the international tax competition.”

Kempf said the German press Agency, for ten years there were no major tax structure reform with benefits for companies, instead, but several more loads. “The tax burden has risen to a record high. Therefore, it is in the tenth year of the upswing, long overdue, to lower taxes.” Germany had become a high-tax country to a high-tax country, said the President of the Federal Association of German industry (BDI). The policy could quickly remedy the situation – with the complete exit from the solos, the fiscal promotion of research and the modernization of corporate taxes. Also, the industry needs tax reform.

Schweitzer pointed to tax cuts for companies in the USA or the UK. If France is implementing, in spite of the current problems of its announced corporate tax reform, will Germany be in the year 2022, the country with the highest tax burden for companies in the whole of the Organisation for economic co-operation and development (OECD). “This development means that in this country more will be invested – but quite the opposite. We therefore need a real and effective effective tax reform in Germany, which relieves the company.” The location of Germany had to be strengthened.

As the first of the solos should be abolished completely, said DIHK President: “And then the burden of income tax and Corporation tax to a competitive level to fall. In Germany, we are currently at a stress level of at least 30 percent of the competitors in other countries, require on average less than 25 percent.”

tax relief for companies in the coalition’s controversial. The home of economy Minister Peter Altmaier (CDU), had proposed measures that would result in a complete implementation of a tax relief in the company of a total of 20 billion euros per year. Federal Finance Minister Olaf Scholz (SPD) had granted the advance of a cancellation. While the solidarity surcharge in the Union and the SPD plan for 2021, a relief of 10 billion Euro, intended to exempt 90 percent of the Soli-payer. The economy criticized, especially small and medium-sized companies would not be relieved.

The state will make this year in Germany, a Surplus of 60 billion euros, said Schweitzer. The state in Germany is currently not a revenue problem but a spending problem. The German economy was like any other economy in the world depending on the international markets: “Then I must prepare myself to be internationally competitive in the taxes. No tax reform may not be the answer. You can not raise so high taxes and at the same time say that businesses should invest heavily in digitisation and in new products. This will not work.”

dpa

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Teodora Torrendo is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.