German business tax relief package cut to 3.2 bln euros annually -sources

German business tax relief package cut to 3.2 bln euros annually -sources
  • Country:
  • Germany

Germany cut its tax relief package for small and medium-sized companies to 3.2 billion euros ($3.45 billion) annually, government sources told Reuters on Friday.

The package is aimed at unleashing new investment amid weak foreign demand and high interest rates.

($1 = 0.9289 euros)

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