{"id":116430,"date":"2023-08-30T07:45:52","date_gmt":"2023-08-30T04:45:52","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/germany-agrees-7-bln-euro-tax-cut-to-boost-flagging-economy\/"},"modified":"2023-08-30T07:45:52","modified_gmt":"2023-08-30T04:45:52","slug":"germany-agrees-7-bln-euro-tax-cut-to-boost-flagging-economy","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/germany-agrees-7-bln-euro-tax-cut-to-boost-flagging-economy\/","title":{"rendered":"Germany agrees 7 bln euro tax cut to boost flagging economy"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/116430\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Germany&#8217;s fractious coalition put aside weeks of squabbling on Tuesday, agreeing to a 7 billion euro ($7.56 billion) corporate tax relief package designed to give a flagging economy what Chancellor Olaf Scholz called a &#8220;big boost&#8221;. An earlier attempt to pass the package, labelled the &#8220;Growth Opportunities Law&#8221;, was stymied by Greens Family Minister Lisa Paus, who sought 12 billion euros for a new child support benefit.<\/p>\n<p>According to the draft of the law seen by Reuters, in its first year it will cause a tax revenue shortfall of 2.6 billion euros for the federal government, 2.5 billion euros for the states and 1.9 billion euros for the municipalities. &#8220;We&#8217;ll discuss how to achieve a big boost,&#8221; Scholz said at the start of the two-day cabinet retreat at Schloss Meseberg, a baroque castle outside Berlin. &#8220;The German economy can do more.&#8221;<\/p>\n<p>The stimulus package, modest in the context of a $4 trillion economy, comes amid growing public dissatisfaction with the performance of the coalition, with 61% of respondents to a Forsa poll saying they were so annoyed by coalition squabbling that they no longer paid attention. The initial failure to pass the growth package, championed by liberal Finance Minister Christian Lindner, was seen as a sign that the coalition of two socially-minded leftist parties and one economically liberal party was too unwieldy to govern.<\/p>\n<p>The path was cleared to pass the growth package when the two sides agreed to cut the planned Child Basic Insurance to just over 2 billion euros in size. The law gives incentives to companies to make climate friendly investments, provides tax incentives for research and allows companies to offset more losses against profits from other financial years. The German economy stagnated in the second quarter, showing no sign of recovery from a winter recession and cementing its position as one of the world&#8217;s weakest major economies.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/world\/europe\/germany-agrees-7-bln-euro-tax-cut-boost-flagging-economy-2023-08-29\/\">Reuters<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/114682\/\">Germany agrees 7 bln euro tax cut to boost flagging economy<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[2469,555,1016,1052,1038,1812],"class_list":["post-116430","post","type-post","status-publish","format-standard","hentry","category-news","tag-boost","tag-csr-news-en","tag-cut","tag-economy","tag-germany","tag-tax"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/116430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=116430"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/116430\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=116430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=116430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=116430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}