Lindner’s draft must first be coordinated with the other ministries.
(Photo: dpa)
Berlin Finance Minister Christian Lindner has put together a tax package that is intended to relieve the economy by around six billion euros a year. The so-called Growth Opportunities Act is intended to strengthen Germany’s competitiveness and ensure more investment, the Ministry of Finance said on Wednesday. First, the “Frankfurter Allgemeine Zeitung” reported about it.
Lindner therefore proposes almost 50 tax policy measures. The core element is the premium for investments in climate protection announced in the coalition agreement. Companies that invest in energy and resource efficiency should be able to receive 15 percent of the investment up to 2027, regardless of their profit, but a maximum of 30 million euros. A further expansion of the premium is being examined.
More generous research funding and more generous loss offsetting are also planned. The so-called loss carry-back, in which a loss is offset against the profits of the previous year, is to be extended to three years. The draft still has to be voted on in the federal government before it can go into the cabinet and the Bundestag.
The wholesale association BGA welcomed the plans. “Tax simplifications and better depreciation options are important incentives for more investments in Germany,” said BGA President Dirk Jandura. “I very much hope that the other two coalition partners will also rally behind it.” The mechanical engineering association VDMA emphasized that help is provided here simply, unbureaucratically and fairly across the board.
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