BDI warns of tax increases

Income tax, about dts
Income tax, about dts
The Federal Association of German Industry (BDI) has spoken out against tax increases according to the current tax estimate.

"For the pandemic-weakened German companies, relief and attractive tax frameworks point the way out of the corona crisis. With tax increase plans, as recently announced by the Federal Minister of Finance, we are driving the economy against the wall, ”said BDI General Manager Joachim Lang on Thursday afternoon.

Despite the shortfall in income, the federal government must now give priority to public investments and increase investment activity overall to a significantly higher level for the next decade. “Only through sustainable economic growth can future tax revenues be secured and the high national debt reduced. The serious slump in corporate taxes proves that Germany as a business location finally needs a convincing tax policy strategy, ”said Lang. The German corporate tax law is a "blatant locational disadvantage" that is increasing from year to year. “Germany can no longer afford a reform standstill: the central goal must be to reduce the tax burden on companies to an internationally competitive level of 25 percent. For this purpose, Germany needs - as has long been the norm in other countries - a uniform corporate tax, with which the trade tax is integrated into the income tax, ”said the BDI managing director.