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Priority Issues

The Finance Ministry’s top priorities: get the basics on what’s important and what’s new.

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Fair Taxation

Fair taxation Global corporate tax reform is on the way

Un­der the aus­pices of the OECD, 131 (as of 5 Ju­ly 2021) coun­tries have reached an agree­ment on fair tax­ing rights and a uni­form min­i­mum cor­po­rate tax rate of at least 15%. This is a gen­uine rev­o­lu­tion in in­ter­na­tion­al tax law. The plan was adopt­ed by the fi­nance min­is­ters of the 20 lead­ing ad­vanced and emerg­ing economies – the G20 – at their most re­cent meet­ing in Venice on 9−10 Ju­ly.

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Fair taxation Measures to increase tax fairness adopted

In March 2021, the fed­er­al cab­i­net ini­ti­at­ed a range of mea­sures to in­crease tax fair­ness. The aim is to elim­i­nate tax havens and com­bat ag­gres­sive tax plan­ning more ef­fec­tive­ly with the help of tar­get­ed in­stru­ments. In ad­di­tion, up­dates to mod­ernise cor­po­ra­tion tax leg­is­la­tion will make fam­i­ly busi­ness­es more com­pet­i­tive.

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Climate Action

Climate action Immediate action programme to boost climate action

On 23 June 2021, the fed­er­al cab­i­net adopt­ed an im­me­di­ate cli­mate ac­tion pro­gramme for 2022. The pro­gramme is equipped with an ad­di­tion­al €8bn that will be spent on spe­cif­ic mea­sures to help Ger­many meet the cli­mate tar­gets set out in the new Cli­mate Ac­tion Act.

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The German government adopts groundbreaking sustainable finance strategy

The fed­er­al cab­i­net adopt­ed the first Ger­man Sus­tain­able Fi­nance Strat­e­gy. The goal of the strat­e­gy is to mo­bilise in­vest­ments that are ur­gent­ly need­ed for cli­mate ac­tion and sus­tain­abil­i­ty while al­so ad­dress­ing the cli­mate risks that are in­creas­ing­ly rel­e­vant to the fi­nan­cial sys­tem.

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