‘cutting sales tax would have little impact on german surplus’
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

‘Cutting sales tax would have little impact on German surplus’

Arab Today, arab today

Arab Today, arab today ‘Cutting sales tax would have little impact on German surplus’

Germany's Chancellor Angela Merkel
Berlin - Arab Today

Cutting Germany’s value-added tax (VAT) rate from 19 percent would have a limited impact on reducing trade surpluses that have been sharply criticized by US President Donald Trump, the country’s Economics Ministry said.
The comments followed a report in the Welt am Sonntag newspaper that said the German government was examining a possible reduction in the tax, a step recommended by several economists.
A ministry spokeswoman did not deny the report but cautioned that such a move would “have very limited effect on the current account balance,” and it would be more important and sensible to increase investment in Germany.
The government continually reviewed economists’ recommendations and examined ways to reduce the surpluses, she added.
Germany faces a national election in September, making immediate changes to taxation policy unlikely.
German officials say the country’s current account surplus stems from a variety of factors, including some beyond the government’s control, such as the price of oil or the euro exchange rate, as well as high demand for German products.
Chancellor Angela Merkel last month pushed back against renewed US criticism of German surpluses by Trump, who told EU officials that Germany was “very bad” on trade. She said she and Trump agreed to set up a working group to exchange information on bilateral economic ties.
Peter Navarro, a Trump trade adviser, has repeatedly criticized Germany and suggested it is deliberately pushing down the value of the euro, an argument the Germans reject, noting that the currency’s strength is largely determined by policies of the independent European Central Bank (ECB).

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

‘cutting sales tax would have little impact on german surplus’ ‘cutting sales tax would have little impact on german surplus’

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

‘cutting sales tax would have little impact on german surplus’ ‘cutting sales tax would have little impact on german surplus’

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange

GMT 14:40 2012 Saturday ,10 March

Magdy Al-Galad steps down

GMT 09:47 2017 Sunday ,12 March

Cat Camp in New York attracts cat lovers

GMT 14:57 2016 Friday ,09 September

Madonna, Ritchie settle child custody dispute

GMT 23:52 2017 Monday ,18 September

UAE economic growth boosting logistics sector
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday