German Government Sees Higher Tax Take As Economy Grows

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Wed, 05/09/2018 - 6:37am

BERLIN (AP) — The German government says solid economic growth and low unemployment are expected to boost its tax take over the next few years. A twice-yearly assessment released by the finance ministry Wednesday forecast tax income of 772.1 billion euros ($917.7 billion) this year, 7.8 billion euros more than predicted in November. Over a five-year period, tax income is expected to be 63.3 billion euros higher. Finance Minister Olaf Scholz said much of the extra income was already factored into the government's plans, but additional money will be used among other things for limited tax relief starting next year. The center-left Social Democrats wrested the finance ministry from Chancellor Angela Merkel's conservatives in coalition talks this year.Read more on NewsOK.com

Sections: news business

Place your ad here
Loading...

BING NEWS:

Harris’s tax plans would hobble the economy
Kamala Harris's plans to hike corporate income tax rates, rather than cut them as Donald Trump suggests, would be deleterious to the national economy.
10/27/2024 - 5:48 pm | View Link
UK employers show further signs of pre-budget nerves, Lloyds says
British business confidence sank to a four-month low in October ahead of the first budget plan from the country's new government, a survey showed on Monday, echoing other signs of corporate ...
10/27/2024 - 1:11 pm | View Link
How do US presidential elections affect the economy and the stock market?
On two key measures, the US economy and stock markets have performed better under Democratic presidencies than Republican ones for much of the past century. But there are some caveats.
10/27/2024 - 8:10 am | View Link
Here’s what Harris and Trump are proposing for the economy
Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ ...
10/27/2024 - 5:23 am | View Link
The Candidates’ Tax Trade-offs
Kamala Harris and Donald Trump have offered competing plans—each distortionary in its own way.
10/24/2024 - 7:57 am | View Link
More

More Movie News

More Business News

It's a big week for Apple. Here's what to expect.
Business Insider, Monday - 10/28/2024 - 12:03 AM
Apple has a handful of announcements for the last week of October. Michael M. Santiago/Getty ImagesApple has a slate of announcements expected this week on top of earnings. Greg Joswiak, senior vice president of marketing at Apple, teased something new for Macs. Its long-awaited Apple Intelligence is expected to launch with software updates.
More | Talk | Read It Later | Share
Elon Musk says at a New York Trump rally that he could save the country $2 trillion through a department of efficiency
Business Insider, Sunday - 10/27/2024 - 08:57 PM
Elon Musk on Sunday gave a brief speech at a campaign rally for Donald Trump in New York in which he said he'd save the US $2 trillion through a department of government efficiency. ANGELA WEISS/AFP via Getty ImagesElon Musk on Sunday briefly spoke at a campaign rally for Donald Trump in New York.
More | Talk | Read It Later | Share
He was stressed out and unfulfilled living in NYC. So, at 25, he left and moved to Bangkok to start anew.
Business Insider, Sunday - 10/27/2024 - 08:14 PM
Paul Lee left NYC and moved to Bangkok, where he lives in a one-bedroom apartment. Paul Lee. Paul Lee, 28, left New York City to move to Thailand in 2021. Life in NYC felt competitive and materialistic, which left him feeling unfulfilled. Now, he lives in a $600-a-month condo in Bangkok and says he's "99% sure" he won't return to the US.
More | Talk | Read It Later | Share
Wharton professor Ethan Mollick says companies must make organizational changes if they want to benefit from AI
Business Insider, Sunday - 10/27/2024 - 07:39 PM
Andriy Onufriyenko/GettyEthan Mollick says AI requires organizational changes to work well, not just individual use. Mollick is a professor at UPenn's Wharton School, where he runs an AI lab. Mollick's research shows that AI can boost productivity but requires strategic deployment. Wharton professor Ethan Mollick believes that companies won't see gains from AI until they make changes at an organizational level."Until we change the organization, we won't get much benefit," he said at the MIT AI conference on Saturday.
More | Talk | Read It Later | Share
NASA chief and Democratic lawmakers urge investigation into reports of Musk-Putin conversations
Business Insider, Sunday - 10/27/2024 - 06:50 PM
The Wall Street Journal reported that Vladimir Putin and Elon Musk have had multiple phone calls. Maja Hitij/Getty ImagesThe Wall Street Journal reported that Elon Musk and Vladimir Putin have shared secret calls since 2022. Several Washington officials are now seeking a probe into the report. A former DoD analyst said that a relationship like this could pose national security concerns.
More | Talk | Read It Later | Share
Testing rules out beef patties as the source of E. coli outbreak, McDonald’s says
Denver Post, Sunday - 10/27/2024 - 06:44 PM
LOS ANGELES — Testing has ruled out beef patties as the source of the outbreak of E. coli poisoning tied to McDonald’s Quarter Pounders, the company said Sunday. It will resume selling the Quarter Pounder in the coming week. The U. S. Food and Drug Administration continues to believe that slivered onions from a single supplier are the likely source of contamination, McDonald’s said. As of Friday, the outbreak had expanded to at least 75 people sick in 13 states, federal health officials said.
More | Talk | Read It Later | Share

German Government Sees Higher Tax Take As Economy Grows

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News