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UPDATE 1-Pandemic drives Germany to highest deficit in 30 years

UPDATE 1-Pandemic drives Germany to highest deficit in 30 years - statistics office Reuters 2 hrs ago Popular Searches BERLIN, April 7 (Reuters) - Germany s public sector deficit reached 189.2 billion euros ($225 billion) in 2020 thanks to the coronavirus pandemic, the first deficit since 2013 and the highest budget shortfall since German reunification three decades ago, the Statistics Office said. The pandemic, which has so far claimed more than 77,000 lives in Germany, has devastated Europe s largest economy, even though it has proven more resilient than many expected, partly because of continuing strong export demand from China. Public spending rose 12.1% to 1.7 trillion euros in 2020 as the government pulled out all the stops to offset the impact of months of lockdown, while tax take fell 3.5% to 1.5 trillion euros, the statistics office said on Wednesday.

Thomas escrittMaria sheahanOlaf scholzStatistics officeAdds ifoGerman finance minister olaf scholzAndrew heavensமரியா ஷீஹான்ஓலேஃப் ஸ்கோல்ஸ்புள்ளிவிவரங்கள் அலுவலகம்ஜெர்மன் நிதி அமைச்சர் ஓலேஃப் ஸ்கோல்ஸ்ஆண்ட்ரூ வானம்

Germany and France see global tax deal, Ireland has doubts | Hellenic Shipping News Worldwide

Germany and France see global tax deal, Ireland has doubts Germany and France on Tuesday welcomed a promise by U.S. Treasury Secretary Janet Yellen to work on a global corporate minimum tax rate as a step towards making a landmark deal achievable, but low-tax Ireland voiced reservations. Negotiators are racing to agree to a minimum corporate tax by midyear as part of efforts by more than 140 countries to update the rules for taxation of cross-border commerce for the first time in a generation. The aim is to discourage multinationals from booking profits in low-tax countries regardless of where their income is earned.

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Pandemic drives Germany to highest deficit in 30 years: statistics office

Pandemic drives Germany to highest deficit in 30 years: statistics office Reuters 2 hrs ago © Reuters/THILO SCHMUELGEN FILE PHOTO: Germany before the new coronavirus disease (COVID-19) lockdown in Cologne BERLIN (Reuters) - Germany s public sector deficit reached 189.2 billion euros ($225 billion) in 2020 thanks to the coronavirus pandemic, the first deficit since 2013 and the highest budget shortfall since German reunification three decades ago, the Statistics Office said. The pandemic, which has so far claimed more than 77,000 lives in Germany, has devastated Europe s largest economy, even though it has proven more resilient than many expected, partly because of continuing strong export demand from China.

Thomas escrittMaria sheahanOlaf scholzStatistics officeGerman finance minister olaf scholzAndrew heavensமரியா ஷீஹான்ஓலேஃப் ஸ்கோல்ஸ்புள்ளிவிவரங்கள் அலுவலகம்ஜெர்மன் நிதி அமைச்சர் ஓலேஃப் ஸ்கோல்ஸ்ஆண்ட்ரூ வானம்

Fiscalité des entreprises: un accord international se dessine dans la perspective du prochain G20

Fiscalité des entreprises: un accord international se dessine dans la perspective du prochain G20
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Germany suffers highest deficit in 30 years due to pandemic

Germany suffers highest deficit in 30 years due to pandemic
geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.

Olaf scholzStatistics officeGerman finance minister olaf scholzஓலேஃப் ஸ்கோல்ஸ்புள்ளிவிவரங்கள் அலுவலகம்ஜெர்மன் நிதி அமைச்சர் ஓலேஃப் ஸ்கோல்ஸ்