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Federal Cabinet approves Bill on acceleration of economic growth – part one

|Approved Changes|Germany
Germany

On 9 November 2009, the Federal Cabinet (Bundesregierung) approved the Bill on acceleration of economic growth (Wachstumsbeschleunigungsgesetz). Key elements of the Bill are summarized below.

Individual income tax

-   the annual child deduction will be increased to EUR 2,244 (currently EUR 1,932; double for jointly…

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