November 14, 2019 / 6:43 PM / a month ago

German ministry denies report it is planning corporate tax reform

BERLIN (Reuters) - Germany’s finance ministry denied on Thursday a report in business daily Handelsblatt which said it was preparing a reform of corporation tax which could include a reduction in the rate to 12.5% from 15%.

A spokesman for the ministry described the report as “pretty much nonsense”, saying there were no plans for a reform of the tax.

Chancellor Angela Merkel’s conservatives want to ease the burden on business at a time of meagre growth in Europe’s biggest economy, but their Social Democrat (SPD) coalition partners, who run the finance ministry, have other priorities.

Reporting by Christian Kraemer; Writing by Madeline Chambers; Editing by Giles Elgood

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