German Finance Minister Lindner plans €23bn income tax cuts, opposing coalition partners.

German Finance Minister Christian Lindner refuses to back down on plans for €23bn in income tax cuts despite opposition from coalition partners. The tax-free allowance is set to rise in three steps and the income threshold for the highest tax rate will increase as part of the plan. Lindner stated that under a liberal finance minister, it is crucial to adjust the tax-free allowance to counter inflation.

June 29, 2024
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