Tax & Spend
Germany Sees €12.6 Billion Less in Tax Income by 2028
- Finance ministry’s new estimates show drop vs May forecast
- Fiscal situation shows cuts in budget needed, Lindner says
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The German federal government expects €12.6 billion ($13.6 billion) less in tax revenue in the five years through 2028 than estimated in May as Europe’s biggest economy struggles to grow.
Finance Minister Christian Lindner said that the latest tax estimate published on Thursday show that the country needs a turnaround.