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taxation Cabinet approves near-complete abolition of solidarity surcharge
On Wednesday, the federal cabinet approved draft legislation to reduce the solidarity surcharge. If the bill is passed, the surcharge will, starting in 2021, be completely eliminated for around 90% of those who currently pay it. For a further 6.5% of taxpayers, the surcharge will be reduced. As a result, 96.5% of today’s surcharge payers will be better off.
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taxation Results of the 156th meeting of the Working Party on Tax Revenue Estimates
The Federation, Länder and local authorities can continue to expect higher tax revenues in the coming years. According to current tax estimates, tax revenues will rise from €796.4bn in 2019 to around €935.0bn in 2024. The trend will be somewhat better for the Länder and local authorities than for the Federation, however. Overall, the Working Party on Tax Revenue Estimates has corrected its …
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taxation New reporting obligation will create greater fairness in taxation
The federal cabinet today approved the draft Act Introducing a Reporting Obligation for Cross-Border Tax Arrangements.