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Germany Moving Forward on Phasing Out Solidarity Surcharge

|Proposed Changes|Germany
Germany

Germany's Ministry of Finance has published draft legislation for a phased reduction of the solidarity surcharge, which is one of the measures agreed to by the German Coalition government in 2018. The current 5.5% surcharge is levied on both individual and corporate income tax and was introduced with effect from the 1995 assessment period to fund reunification of East and West Germany. As a fi…

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