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The Independent UK
The Independent UK
National
Via AP news wire

German FinMin pitches $10B tax cut plan to dampen inflation

Copyright 2022 The Associated Press. All rights reserved

Germany's finance minister said Wednesday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation.

Finance Minister Christian Lindner said about 48 million people in Germany would profit from changes to the tax system that prevent them from being taxed more than their pay increases.

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