Hamburg Will Lose 100 Million Euros on Tax Cuts, Abendblatt Says

The German government’s tax-cutting plan may cost the state of Hamburg more than 100 million euros ($138 million) in lost tax revenue in the coming two years, Hamburger Abendblatt reported today, citing the city-state’s senator for finance, Peter Tschentscher, a Social Democrat.

The plans are not “responsible,” Tschentscher said, according to the newspaper.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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