German business politician Christian Freiherr von Stetten has expressed concerns over the planned reduction of the corporate tax rate in the German government’s coalition agreement, deeming it too late and insufficient.
According to an interview in the parliamentary weekly “Das Parlament”, von Stetten, who chairs the German Bundestag’s economic committee, believes that the planned reduction of the corporate tax rate, set to take effect in 2028, was negotiated by the SPD as part of the coalition agreement. Many business associations have already strongly criticized this decision, he noted.
Von Stetten also called for additional measures to boost economic growth, stating that the planned “accelerated depreciation” – a measure aimed at encouraging companies and self-employed individuals to invest more – should not be the only tool in this regard.