The Central Association of German Crafts is urging the swift implementation of the investment program approved by the cabinet, which it believes will have a positive impact on growth and employment.
According to Holger Schwannecke, the association’s general secretary, the program sets in motion “powerful growth impulses” by addressing key demands of the crafts sector. He views the government’s draft as a clear signal, prioritizing growth over tax increases.
The program, Schwannecke explained, offers relief from taxation and accelerated depreciation, providing a boost for companies to invest in new technology, climate protection and employee recruitment.
In the future, the program will also provide tax relief for small and medium-sized enterprises, which can retain profits in the business to build up capital for future investments. Schwannecke notes that this move will create more fairness in the tax system and strengthen the innovation and competitiveness of these enterprises, as over 75 percent of the craft sector’s businesses are small and medium-sized enterprises.