Economics
Germany Moves to Scratch Reunification Tax Worth $21 Billion
- Phaseout already budgeted and won’t generate deficit spending
- Only roughly half of revenue lost as wealthy continue paying
The Berlin Wall falling, 1989.
Photographer: Gerard Malie/AFP via Getty Images
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Nearly three decades after the fall of the Berlin Wall, Germany is moving to eliminate the so-called solidarity tax that helped finance reunification.