Germany Expects Stronger Tax Revenue in Boon for Next Leader
- Income seen 35 billion euros higher on average through 2025
- Scholz aiming to be sworn in as chancellor in early December
This article is for subscribers only.
Germany is poised to reap significantly more tax revenue than expected in a surprise windfall for chancellor-in-waiting Olaf Scholz and his prospective ruling coalition.
Tax income will be about 35 billion euros ($40 billion) higher on average through 2025 than forecast in May, according to the government’s latest estimates published Thursday in Berlin.