Germany Backs €46 Billion in Corporate Tax Breaks to Spur Growth

Germany’s cabinet approved a package of tax breaks for companies worth an estimated €46 billion ($52 billion), part of a broader push to revive an economy that’s forecast to stagnate for a third straight year in 2025.

Chancellor Friedrich Merz’s ruling coalition — comprising his conservative CDU/CSU bloc and the Social Democrats — agreed on write-offs of as much as 30% for companies purchasing movable assets between the end of June this year and January 2028, the finance ministry said Wednesday in an emailed statement.