Germany Tax Revenue to Add 40 Billion Euros, Handelsblatt Says

Germany’s tax revenue may rise by about 40 billion euros ($57 billion) by 2015, Handelsblatt reported, citing people with knowledge of the matter.

The increase would allow federal and state governments 6 billion euros to 7 billion euros in tax cuts that are planned by Finance Minister Wolfgang Schaeuble and Economy Minister Philipp Roesler, Handelsblatt said.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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