Scholz announces new incentive package with nearly 100 billion euro tax loss

Scholz announces new incentive package with nearly 100 billion euro tax loss

For the German budget, the pandemic means greater expenditures and less income. For the first time since the financial crisis, tax revenues are falling but Finance Minister Olaf Scholz (SPD) is not thinking about austerity. On the contrary, another economic stimulus package is planned in June to help boost the economy. In 2020, Germany’s federal, state and local governments are expected to collect €98.6 billion less in taxes than the previous year. Scholz announced this 10% decline (according to the estimates of the Council of Assessors) at a press conference…

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EU chief diplomat wants an independent investigation into the origin of coronavirus

EU chief diplomat wants an independent investigation into the origin of coronavirus

The European Union’s foreign policy chief called on China on Thursday (14 May) to contribute significantly to the fight against the coronavirus pandemic and said there should be an independent scientific investigation into the origins of the pandemic. In a guest column in Friday’s edition of the Frankfurter Allgemeine Zeitung newspaper, Josep Borrell said China should act to help protect the world from future pandemics. “An independent scientific investigation of the origin of this pandemic is also necessary,” he wrote. The virus emerged in Wuhan, China, in December and some…

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‘Eurocrats with a heart’ raise €150k for regions affected by the virus

‘Eurocrats with a heart’ raise €150k for regions affected by the virus

A group of self-proclaimed “faceless” EU civil servants have decided to put their hands in their pockets to build a European solidarity fund for people in COVID-hit regions like Spain and northern Italy. The grassroots movement was launched by a group of EU civil servants calling themselves “Eurocrats with a heart” – a tongue-in-cheek reference to the British tabloid press, which often depicts EU officials as “faceless bureaucrats”. By the start of this week, the movement had raised €150,000, contributed by about 800 people – all civil servants working in…

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