Tuesday, August 17, 2010

Germany's environmental tax relief cut sparks outrage


Germany's proposals to reduce the environmental tax relief has sparked outrage from industry and unions which they believe will affect the economic recovery

German draft law to reduce environmental tax reliefs next year has angered businesses and unions, who believe it will endanger the economic recovery of the country.

The German finance ministry proposes to reduce the current environmental tax relief to 80% from 95% in 2011. It also proposes to reduce it further, to 60%, in 2012, reports tax-news.com.

See full Article.