Green Party Raises Concerns Over Corporate Tax Relief Plans

The Green Party in Germany has expressed concerns over the financial implications of the proposed tax relief measures by the black-red coalition government. They warn that these plans, which include significant tax cuts for corporations, could result in substantial revenue shortfalls for municipalities.

This could lead to closures of public amenities such as swimming pools, youth centers, and cultural institutions, as well as reduced public transportation services. The Green Party argues that while boosting investments is generally favorable, there is skepticism about whether the additional funds will actually be used for corporate investments.

Instead, they fear the money might end up as dividends for shareholders. The proposed legislation, which includes special depreciation allowances and a reduction in corporate tax rates, is expected to add nearly 46 billion euros to the federal budget by 2029. The Green Party is urging for careful reconsideration to prevent potential harm to local communities and the broader economy.