Germany unveils package of tax breaks, tax cuts to boost investment

Germany yesterday launched a package of tax breaks and eventual tax cuts for firms to boost investment.
The package comprises a hefty tax write-off on investments in machinery and other equipment over three years, followed by a drop in corporate tax rate from 15 per cent to 10 per cent between 2028 and 2032.
Chancellor Friedrich Merz’s cabinet approved the package, pending approval by lawmakers.Read More