German 6 Billion-Euro Tax Cut Fully Effective in 2015, Bild Says
Income tax reductions would total 1.9 billion euros ($2.5 billion) in 2013, rising to 5.6 billion euros in 2014 and the full amount of more than 6 billion euros in 2015, the newspaper reported today.
Merkel announced plans on Nov. 6 to cut taxes, starting in 2013, saying the move would help boost economic growth.
To contact the reporter on this story: Tony Czuczka in Berlin at firstname.lastname@example.org
To contact the editor responsible for this story: James Hertling at email@example.com