German Industry Demands Radical Reforms Amid Economic Crisis

The Federation of German Industries (BDI) is pressing the future German government for sweeping reforms to counter the country's economic crisis. With Germany's competitiveness in decline and unprecedented economic pressures, the BDI urges comprehensive structural changes and increased investments.

The association calls for reducing corporate taxes from about 30% to a maximum of 25%, abolishing the solidarity surcharge, and integrating trade tax into corporate tax. Proposals include state incentives and better depreciation options to encourage investments.

A massive infrastructure initiative, worth 315 billion euros, is also suggested to modernize buildings, transport, and education sectors. The BDI stresses the need for digital infrastructure improvements to expedite planning and approval processes.

It advocates for reduced bureaucracy, lower energy costs, and enhanced programs to apply research practically. Additionally, expanding the European internal market and global trade through free trade agreements is emphasized.