{"id":4160,"date":"2018-05-10T16:53:35","date_gmt":"2018-05-10T16:53:35","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=4160"},"modified":"2018-05-10T16:53:35","modified_gmt":"2018-05-10T16:53:35","slug":"germanys-scholz-eyes-lower-taxes-digitalisation-investment","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/","title":{"rendered":"Germany’s Scholz eyes lower taxes, digitalisation investment"},"content":{"rendered":"

BERLIN \u00a0– Germany will use higher-than-expected tax revenues to boost investment in digitalisation this year and lower the tax burden for workers on small and medium incomes next year, Finance Minister Olaf Scholz said on Wednesday.<\/p>\n

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Presenting updated tax estimates for federal, regional and municipal authorities, Scholz said the room for further spending hikes was limited and that the federal government would have 10.8 billion euros available for additional measures until 2022.<\/p>\n

\u201cI want to say that we have to continue to calculate cautiously,\u201d Scholz said, pointing to downside risks for the budget such as the trade dispute with the United States and differing views about how to curb Iran\u2019s nuclear programme.<\/p>\n

Scholz said the government would use the extra tax revenues to kick-start the creation of a digitalisation fund into which the finance ministry will transfer 2.4 billion euros this year.<\/p>\n

The fund will later be increased by revenues generated through the auction of G5 mobile licenses, Scholz added.<\/p>\n

From 2019, Scholz wants to lower income taxes for workers on small and medium incomes by countering the \u2018cold progression effect\u2019 in Germany\u2019s tax system. This means tax brackets are not adjusted for inflation.<\/p>\n

Unlike in many other major economies such as the United States, Britain and France, thresholds in Germany\u2019s progressive tax system are not automatically adjusted. The OECD has urged Germany and others to introduce index-linked tax brackets.<\/p>\n

SPENDING SQUEEZE<\/h3>\n

Scholz said that any further fiscal room in the future would be used to finance the projects agreed in the coalition deal, such as increasing defence spending and development aid.<\/p>\n

Last week Scholz presented spending plans that envisage public investment falling from 2020 and advised ministries seeking more funds to live within their means.[L8N1SG6QU]<\/p>\n

Germany\u2019s defence and development ministries have already objected to Scholz\u2019s budget plans, saying they violate the coalition pact between Chancellor Angela Merkel\u2019s conservatives and their junior partner, the Social Democrats (SPD).<\/p>\n

Defence Minister Ursula von der Leyen and Development Minister Gerd Mueller – both conservatives – have met Merkel to demand more funds for their ministries.<\/p>\n

They said the budget plans submitted by Scholz flouted pledges to ensure that Germany\u2019s development aid and defence spending as a percentage of economic output did not shrink in the coming years.<\/p>\n

The lack of a more pronounced increase in military spending has drawn the ire of U.S. officials, who have been pressing Germany to move more rapidly toward a NATO target of spending 2 percent of economic output on defence.<\/p>\n

\u00a0Germany has had a \u201cdebt brake\u201d law in place since 2011 that forces the federal and state governments to virtually eliminate any budget deficits by 2020. This means any spending must be financed by additional tax revenues or cuts in other areas.<\/div>\n

The German economy has been enjoying an unusually prolonged upswing since 2010 and the federal government has kept a balanced budget since 2014.<\/p>\n

Source: reuters<\/p>\n","protected":false},"excerpt":{"rendered":"

BERLIN \u00a0– Germany will use higher-than-expected tax revenues to boost investment in digitalisation this year and lower the tax burden for workers on small and medium incomes next year, Finance Minister Olaf Scholz said...<\/p>\n","protected":false},"author":33,"featured_media":4161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[115,5],"tags":[],"class_list":["post-4160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alemania","category-economia"],"acf":[],"yoast_head":"\nGermany's Scholz eyes lower taxes, digitalisation investment - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany's Scholz eyes lower taxes, digitalisation investment\" \/>\n<meta property=\"og:description\" content=\"BERLIN \u00a0– Germany will use higher-than-expected tax revenues to boost investment in digitalisation this year and lower the tax burden for workers on small and medium incomes next year, Finance Minister Olaf Scholz said...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Noti-America.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-10T16:53:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/602x338_germanys-scholz-eyes-lower-taxes-digitalisation-investment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"602\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo estimado de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Germany’s Scholz eyes lower taxes, digitalisation investment\",\"datePublished\":\"2018-05-10T16:53:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/\"},\"wordCount\":490,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/05\/602x338_germanys-scholz-eyes-lower-taxes-digitalisation-investment.jpg\",\"articleSection\":[\"Alemania\",\"Econom\u00eda\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/\",\"url\":\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/10\/germanys-scholz-eyes-lower-taxes-digitalisation-investment\/\",\"name\":\"Germany's Scholz eyes lower taxes, digitalisation investment - 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