Germany’s Biggest Tax Hike Since WWII: SPD Targets Families Submitted by Thomas Kolbe Faced with a rapidly worsening budget outlook, German Finance Minister Lars Klingbeil (SPD) believes he has finally found a fresh source of revenue. By scrapping the long-standing “marriage splitting” tax benefit—a system that allows couples to pool income and reduce their tax bill—he hopes to plug the ever-widening budget holes. It marks the preliminary climax of a tax hike debate designed less to fix Germany’s fiscal crisis than to relieve politicians from the pressure of implementing structural reforms. In truth, this development comes as no surprise. The… — Continue at ZeroHedge News : Read More
