05/07/2009
The British government is planning to lower value added tax. Germany should follow suit, writes the Frankfurter Rundschau. "The British government has already set the tone once in Europe with its rescue plan for banks. Now London has taken stock of the situation and has announced it will sink value added tax. When times were better, Germany's coalition battled consumption with the biggest tax hike in the history of the Federal Republic. Now it has the elbow room to correct this mistake. It could lower value added tax for a period of one or two years. This would make it clear that more debts must be shouldered on the short term. The idea is not to dry out the state, however, but to strenghen the domestic economy in the biggest economic crisis of the past 80 years."
» full article (external link, German) More from the press review on the subject » Economic Policy, » Germany, » United Kingdom All available articles from » Markus Sievers
» To the complete press review of Monday, November 24, 2008
Bookmark this page at
To subscribe to the free newsletter or cancel subscription please enter your email address: