Is Germany Catching Trump’s Tax Disease?

16:21, 28 ianuarie 2018 | Actual | 3723 vizualizări | Nu există niciun comentariu Autor:

The fiscal policies proposed by Germany’s emerging grand coalition government look very American. Like the US Republicans’ recent tax legislation, they are likely to bring limited short-term benefits to a few and huge long-term costs to many more.

BERLIN – After months of negotiations, another grand coalition government – comprising Chancellor Angela Merkel’s Christian Democratic Union (CDU) and a grudging Social Democratic Party (SPD) – is taking shape in Germany. But the new government seems likely to miss the opportunity afforded by Germany’s strong economic and financial situation to pursue much-needed reforms.

In fact, the fiscal policies that Germany’s emerging government is discussing bear a remarkable resemblance to those of US President Donald Trump, whose tax plan, most economists agree, will bring limited short-term benefits to a few, but huge long-term costs to many more. Indeed, the incipient German government is discussing cutting taxes for corporations and the rich, while raising spending on public consumption, especially public pensions.


Also read  A Global Tax Counter-Revolution


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