According to the new Minister of Economic Affairs, Katherina Reiche, the Federal Cabinet will launch an initial relief package for companies by mid-July. It will include a reduction in electricity tax and initial reforms to the labor market, said the CDU politician at the East German Economic Forum in Bad Saarow. "Further points will have to follow by the end of the year." She left details open.
Growth is the order of the day and the government will provide impetus, said Reiche. In addition to structural reforms of the labor market, she also mentioned corporate tax reform as key words.
"We will first decide on a so-called investment booster, significantly improve depreciation options and then move on to corporate tax reform in the second half of the legislative period," said the minister. If the plans from the coalition agreement were implemented, we would "actually get back into a trend reversal".
