Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

CDU’s Kauder Rules Out German Tax Increase, Welt am Sonntag Says

Don't Miss Out —
Follow us on:

July 14 (Bloomberg) -- Volker Kauder, the parliamentary leader of Chancellor Angela Merkel’s Christian Democrats, said his party bloc won’t raise German taxes to pay for euro-area sovereign rescues, Welt am Sonntag said, citing an interview.

Kauder was reacting to a proposal by the Berlin-based DIW economic institute to boost revenue with a levy on individual personal wealth of more than 250,000 euros ($306,000), including the possibility of forcing taxpayers to buy German government bonds, the newspaper said today.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editors responsible for this story: James Hertling at jhertling@bloomberg.net; Dick Schumacher at dschumacher@bloomberg.net