Germany announces tax plan seeking to ease inflation burden
By DW
11 August 2022 |
7:17 am
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.
Related
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.
Latest
6 mins ago
Finnair suspended flights to the Estonian city of Tartu after GPS signal interference prevented two planes from landing. Estonia and Lithuania have blamed Russia for jamming GPS signals in the region.
6 mins ago
Northern Kosovo is home to a large part of the country's Serb minority. For a long time, this region, which is contiguous with Serbia, operated under the Serbian administrative system, despite Kosovo's independence from Belgrade. This as the local population rejects the authority of Pristina. But since taking power in 2021, Kosovo's new government has been much tougher on Serbia and the Serb population of Kosovo. Prime Minister Albin Kurti is trying to impose definitive separation from Serbia on the region's Serb population.
1 hour ago
Authorities in Kenya say at least 171 people have been killed and more than 190,000 displaced by catastrophic flooding. DW's Felix Maringa spoke with those affected, some still searching for their loved ones.
1 hour ago
More than 500 recipes have been created by several chefs, such as Alexandre Mazzia and Amandine Chaignot, to feed the 15,000 athletes participating in the Olympic and Paralympic Games in Paris this summer.
2 hours ago
Ukraine has suspended consular services for military-age men abroad. Kyiv is battling a Russian onslaught and needs reinforcements on the front line. Authorities want to ensure that Ukrainian men between 18 and 60 years old living abroad return home.
3 hours ago
For many months, the weather all over Nigeria has been relatively hot. Many citizens have complained About the sun during the day, not being able to sleep at night, and wearing skimpy clothes during the day as the sun shone as though it was its last. GuardianTV spoke with Nigerians and professionals about their experiences and how to survive during the heatwave.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.