BERLIN (MNI) – The German government might lower tax rates in the
current legislature if it would still be able to meet its deficit
reduction goals, German Finance Minister Wolfgang Schaeuble said in a
newspaper interview published Friday.
“I don’t rule out tax cuts if they are in line with our debt
limitation rules,” Schaeuble told German daily Bild. “However, our main
goal is now to simplify the tax code, something that we want to
implement next year.” The legislature runs still until autumn 2013.
In other remarks, Schaeuble said the German government strictly
opposed a separate EU-levied tax. “Such a tax has absolutely no chance.
The [German] federal government as well as other [EU member] states
strictly oppose such proposals,” he said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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