Germany Industry Urges Corporate Tax Reform | Business| Economy and finance news from a German perspective | DW | 07.10.2004
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Business

Germany Industry Urges Corporate Tax Reform

German industry and employers' groups on Thursday urged the government to urgently reform the corporate tax system to make it more competitive. "We need a tax policy that goes hand in hand with the economy and doesn't harass it instead," Ludwig Georg Braun, president of the German Chambers of Industry and Commerce (DIHK) said during a press conference in Berlin. Dieter Hundt, president of the Federal Confederation of the German Employers' Association said the government needed to come up with a comprehensive policy for more prosperity, growth and progress in Germany. He said that lowering taxes on profits, that were way too high in international comparison, and bringing them back to a competitive level had to be made a priority. "Economically and politically, we can't afford stagnation and a rejection of reforms."