October 6, 2016 / 8:46 AM / a year ago

Germany's Merkel says plans tax cuts worth 6 bln euros

BERLIN, Oct 6 (Reuters) - Germany plans tax cuts worth up to six billion euros ($6.72 billion) for 2017 and 2018, Chancellor Angela Merkel said on Thursday, adding that the good shape of the economy allowed for fiscal flexibility.

“The good budgetary situation is having a positive effect. We will be able to bring about small tax relief, which will amount to 6 billon euros for 2017 and 2018,” Merkel told an industry event in Berlin. ($1 = 0.8933 euros) (Reporting by Joseph Nasr and Michael Nienaber; Writing by Caroline Copley)

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