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Public Finances Provisions relating to compensation for National Socialist injustice
Almost immediately after the end of the Second World War, it became clear that compensation needed to be provided to those who had suffered damage as a result of National Socialist injustice. Those who had suffered oppression due to their political opposition to National Socialism or on the grounds of race, religion or ideology were particularly affected.
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Ministry Walter Ulbricht and the construction of the Berlin Wall
It was a lie that made history: on 15 June 1961, Walter Ulbricht, head of state of the German Democratic Republic (GDR), denied rumours that there were plans to close the border between East and West Berlin. In fact nobody had asked if there were plans to build a wall; it was Ulbricht himself who introduced the idea into the discussion. To this day it is unclear why he did so. What is known is …
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Financial markets FATF Ministers commit to take decisive action against money laundering
Under German chairmanship the Ministers of the Financial Action Task Force (FATF) members committed to take swift and decisive action to improve the effectiveness of measures to fight money laundering, terrorist and proliferation financing at their meeting in Washington D.C. today. This includes promptly implementing the FATF’s global beneficial ownership rules, which were strengthened earlier …
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taxation Tobacco Duty Modernisation Act adopted
The German cabinet adopted the draft Tobacco Duty Modernisation Act on 24 March 2021. With this legislation, the German government is adjusting tobacco duty rates and responding to changes in the tobacco market and in consumer behaviour. The new law also serves to improve public health and protect minors.
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Internationales_nicht-mehr-in-Verwendung To the point – G7
Information about the history and purpose of the G7, as well as the key working areas for the G7 finance ministers and central bank governors under the German G7 Presidency.
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Financial markets TIBER-DE enhances the security of the German financial system
The Federal Ministry of Finance and the German Bundesbank have decided to implement TIBER-DE, a new programme that will strengthen the resilience of the entire financial system to cyber attacks.
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Ministry The resistance group “Rote Kapelle”
The former Reich Aviation Ministry was responsible for sending the German Luftwaffe into the Second World War, but it was also home to resistance to the Third Reich. Harro Schulze-Boysen, who worked at the ministry, was one of the leaders of the “Rote Kapelle” (“Red Orchestra”) resistance group, which was pursued for many years by the Nazis. During the 1930s he was at the centre of a network of …
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Climate action The German government wants to establish an international climate club
In the federal cabinet today, Germany’s Finance Minister Olaf Scholz presented a joint key-issues paper for an international climate club. The goal is to give the implementation of the Paris Agreement additional impetus at the international level. At the heart of this initiative is the cooperation between countries that want to press ahead with the social and economic transformation needed to …