Arab Today, arab today german tax revenues rise despite euro crisis
Last Updated : GMT 02:17:02
Arab Today, arab today
Arab Today, arab today

German tax revenues rise despite euro crisis

Arab Today, arab today

Arab Today, arab today German tax revenues rise despite euro crisis

Berlin - DW

Despite a raging eurozone debt crisis around it, Germany has again been able to log rising tax revenues. The government says this is mainly due to a robust employment situation and higher incomes. German tax revenues keep rising steadily both at federal and regional level, the country\'s Finance Ministry reported on Monday. It said in July alone revenues jumped by 8.6 percent month-on-month. Between January and July 2012, a total of 311.4 billion euros ($384.1 billion) were brought into state coffers, up 5.0 percent from levels reached in the same period last year. Tax revenues appeared unfazed by a drop in economic growth in the second quarter of the current year. While gross domestic product (GDP) rose by 0.5 percent in the first quarter, it only expanded by 0.3 percent in the second, the ministry stated. More jobs, more revenues \"Looking at the big picture of current cyclical developments, there are indications that the German economic growth may slow down further in the course of the year,\" the Finance Ministry said in a statement. It pointed out, though, that this did not necessarily have to mean shrinking tax revenues, as domestic consumption was expected to remain intact, leading to more state income from sales taxes. The current tax revenue increase was mainly a result of a solid German labor market with just under three million people out of work. Revenues from income tax alone amounted to 13.5 billion euros in July, while sales tax gains were put at 15.8 billion euros, up 1.3 percent from the previous month.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german tax revenues rise despite euro crisis Arab Today, arab today german tax revenues rise despite euro crisis

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german tax revenues rise despite euro crisis Arab Today, arab today german tax revenues rise despite euro crisis

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday