World Business NewsA round up of the latest news for those doing business internationally
Businesses allied to Merkel call for Stealth Tax solution
Zone(s): Germany ¦ Sector(s): Taxation
[24 June 2014, Tax-News.com] By Ulrika Lomas, Tax-News.com, Brussels: The business wing of German Chancellor Angela Merkel’s Christian Democratic Union (CDU) party has called for the Government to commit to raising tax thresholds in line with inflation to stem stealth income taxation. The CDU’s small business union (MIT) said the personal tax-free allowance and income tax thresholds should automatically and regularly be adjusted in line with inflation.