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 - Copyright THOMAS PETER(Reuters)

By Reuters

Published on 28/02/2019 - 12:04•Updated 30/04/2024 - 17:19

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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.