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BREAKING NEWS

BREAKING NEWS

Merkel says international corporate tax situation unfavourable for Germany

Merkel says international corporate tax situation unfavourable for Germany
German Chancellor Angela Merkel addresses the German Industry Day conference, hosted by the BDI industry association in Berlin, Germany, June 4, 2019. REUTERS/Fabrizio Bensch -
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FABRIZIO BENSCH(Reuters)
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BERLIN (Reuters) – The international corporate taxation landscape has changed to Germany’s disadvantage recently, Chancellor Angela Merkel said on Tuesday, adding that her ruling coalition would try to address this.

“We know that in the area of corporate taxation, things have changed very unfavourably for Germany in recent years,” Merkel told a business conference hosted by the BDI industry association.

“Competitive relations have recently changed very much to our disadvantage. So we will try, in the grand coalition, to achieve something here,” Merkel added.

(Writing by Paul Carrel; Editing by Madeline Chambers)

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