Priority Issues

Coronavirus: Multibillion-euro protective shield for Germany

Germany is well prepared financially to deal with the impact of the coronavirus epidemic. The German Finance Ministry has launched a multibillion-euro programme of loans and tax policy measures.

Content-related sites

  • Phas­ing out coal to ful­fil cli­mate tar­gets

    On 29 January 2020, the German cabinet adopted draft legislation on the phasing out of coal in Germany. The bill sets out a detailed roadmap for shutting down coal-fired power stations, which are harmful to the climate. The Federation has allocated €40bn for the structural transformation. The funds will help the affected regions to build new capacity and create new jobs.

  • New task force to com­bat tax fraud and tax avoid­ance

    A new task force is being set up to detect illicit tax schemes and large-scale tax fraud such as cum/ex arrangements more quickly and put a stop to them. This will make an important contribution to fair taxation. The strong and effective new task force will be located at the Federal Central Tax Office. It will support federal and Land (state) authorities in processing pending cases, act as a central contact point for detecting new tax schemes, and have the power to conduct its own investigations.

  • Act to Com­bat Un­law­ful Em­ploy­ment and Ben­e­fit Fraud

    Germany adopted the Act to Combat Unlawful Employment and Benefit Fraud in June 2019. Initiated by Finance Minister Olaf Scholz, the new legislation gives major reinforcement to the customs administration’s special monitoring unit for undeclared work, enabling it to fight unlawful employment and the misuse of government benefits more consistently and effectively.

  • G7/G20

    The heads of state and government of the world’s seven leading advanced economies (G7) and 20 major economic and political powers (G20) meet annually at the invitation of the country holding the presidency that year.

  • Around 90 officials of the Finance Ministry work in other countries all over the world. This series of articles will give you an insight into the everyday lives of our representatives who work at German embassies and with supranational and international organisations. Their job is to monitor and evaluate current developments in financial, economic, monetary and tax policies.