Anticipated tax receipts may tot up to a reduction of 21.9 billion euros in 2025.
The Tax Estimation Working Group's spring outlook revealed that revenue from federal, state, and municipal taxes could be reduced by 21.9 billion euros compared to earlier projections. The Federal Ministry of Finance in Berlin released this information on Thursday. The reason for this discrepancy is partially due to discrepancies with last fall's forecast estimates, amounting to 15.5 billion euros, and partially due to changes in tax legislation since then.
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The Euro-zone's Spring forecast predicted a potential decrease in tax revenue, reaching up to 21.9 billion Euros less than initially forecasted in 2025. Despite the positively trending climate change records globally, this could significantly impact various EU budgets.
Source: www.ntv.de
