German Tax Revenue in August Jumps 13% on Year, Ministry Says
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German tax revenue surged in August after the country’s manufacturers enjoyed an “unexpectedly strong” start into the third quarter, the Finance Ministry said in its monthly report.
Tax intake jumped 12.8 percent last month from a year earlier, the ministry said in Berlin. The increase was led by types of revenue that fluctuate with the economy’s expansion, it said, noting also that “special effects” distorted the figure upward. Revenue in the first eight months rose 5.8 percent from a year earlier.