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BREAKING NEWS

Germany eyes R&D tax incentives worth 10 billion euros - sources

Germany eyes R&D tax incentives worth 10 billion euros - sources
FILE PHOTO: German Finance Minister Olaf Scholz attends a media briefing during his visit to Beijing, China, January 17, 2019. REUTERS/Thomas Peter -
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THOMAS PETER(Reuters)
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BERLIN (Reuters) - German Finance Minister Olaf Scholz wants the federal government and the 16 states to support companies investing in research and development by granting them tax incentives worth 10 billion euros (£8.6 billion), coalition sources said on Thursday.

Scholz suggested that the tax incentives should be granted over four years starting from 2020 and that the Finance Ministry would make 5 of the 10 billion euros overall, two people familiar with the matter told Reuters.

(Reporting by Michael Nienaber and Holger Hansen; Editing by Michelle Martin)

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