In:
Wirtschaftsdienst, Walter de Gruyter GmbH, Vol. 100, No. 3 ( 2020-03), p. 156-156
Abstract:
Germany has now been running surpluses or balancing its public budgets for eight years. Accordingly, the debt-to-GDP ratio has fallen to such an extent that the Maastricht criterion is once again being met. This development, which has been favoured by a prolonged economic upturn, has led to disputes about how the surpluses should be used. On the one hand, there is a consensus that investment is urgently needed to turn the tide on climate change and transportation and for more education and innovation, while on the other hand some see Germany’s competitiveness as being at risk because of the above-average tax burden on companies. The favourable budget situation could also make it easier to push through a fundamental reform of the tax and contribution system. However, it should be borne in mind that changes in the tax system have very different effects on upper and lower income groups.
Type of Medium:
Online Resource
ISSN:
0043-6275
,
1613-978X
DOI:
10.1007/s10273-020-2593-7
Language:
German
Publisher:
Walter de Gruyter GmbH
Publication Date:
2020
detail.hit.zdb_id:
2079503-8
detail.hit.zdb_id:
202814-1
detail.hit.zdb_id:
2601588-2
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