Germany to simplify tax rules by 2012

first_imgSunday 31 October 2010 10:59 pm KCS-content Show Comments ▼ GERMANY could simplify its tax rules by 2012 to allow the public to file a tax declaration every other year instead of annually, Finance Minister Wolfgang Schaeuble said in a radio interview yesterday.Cutting taxes and simplifying the complex rules were central pledges of the ruling centre-right’s coalition reform agenda but doubts about scope for the former in the crisis has prompted Schaeuble to place more emphasis on the latter for now.In an interview with Deutschlandfunk radio, Schaeuble said the prospect of halving the number of declarations was tangible.“It’s a key point, and I think we have a good chance of putting that into effect by 1 January 2012,” he said.On Saturday a newspaper said German federal net new borrowing will likely be more than one-fifth lower than previously forecast in 2011.The finance ministry reiterated its position that federal new borrowing in 2010 would likely amount to some €50bn (£43.4bn) – roughly €30bn less than once predicted – but added that the total could end up being lower next year. Germany to simplify tax rules by 2012 Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share whatsapp whatsapp Tags: NULLlast_img read more