Thursday, 2nd May 2024
To guardian.ng
Search

Germany announces tax plan seeking to ease inflation burden

The German Finance Ministry has revealed a plan to ease income tax in response to spiraling inflation. However, critics had claimed the measures would benefit top earners the most, and squeeze public spending.

In this article

0 Comments

Your email address will not be published. Required fields are marked *

Related

3 days ago
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
2 days ago
US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.
2 days ago
The German economy has shown a marginal upturn in the first part of the year. The latest figures give some hope that Germany may be escaping the economic doldrums.
1 day ago
Lufthansa is looking to cut costs, including in management, after repeated strikes weighed heavily on Q1 figures. But with the disputes settled and a busy summer anticipated, the CEO touted an imminent "turning point."
10 hours ago
Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.
2 hours ago
To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.