German cabinet adopts proposals for lower corporate tax
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The German government on Wednesday adopted draft proposals for a reform of corporate taxation that would lead to a big cut in company taxes from next year.
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BERLIN, Nov 20  - The finance chiefs of the Group of 20 countries oppose &quot;abrupt changes&quot; in foreign exchange rates and oil prices and see a slight slowdown in economic growth next year, German Finance Minister Hans Eichel said Saturday.
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German Labour Minister Olaf Scholz has pledged that the country will implement a minimum wage in all sectors, an issue that has been dividing the ruling coalition, a newspaper reported on Sunday.
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Higher taxes on short haul flights and "gas guzzling" cars are recommended by the Tories' policy review group.
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European Union ministers adopted on  Thursday rules that will slash the price of making mobile phone  calls abroad in the 27-member bloc, after a year of wrangling  and heated debate, the EU&#39;s German presidency said.
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The chemical makerâs net income fell 21.3 percent on changes in German tax laws, higher domestic tax rates and charges for research and development.
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The G7 finance ministers are due to meet in Germany, with the low value of the yen likely to be a key issue of debate.
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Germany's sweeping welfare reforms went into effect without a hitch Monday as labor offices cut payments for a million jobless and qualifying tests got tougher.
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The Bundesbank and the German finance ministry are considering plans to minimize the use of 1 euro-cent and 2 euro-cent coins, Handelsblatt said, citing Wolfgang Soeffner, head of the Bundesbank&#39;s cash division.
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The German government has said surging oil prices are on track to cut economic growth by about 0.25% this year.
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Struggling German retailer KarstadtQuelle on Thursday agreed with employee representatives on a cost-cutting plan that will include eliminating some 5,500 jobs, or 12 percent of its work force, and a three-year pay freeze.
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The French government said it would offer companies tax breaks and other incentives worth more than one billion euros (1.2 billion dollars) to encourage them to keep jobs in the country rather than outsource them.
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The European Commission proposes a partial relaxation of the eurozone's strict public spending rules.
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European Union ministers adopted on  Thursday rules that will slash the price of making cell phone  calls abroad in the 27-member bloc, after a year of wrangling  and heated debate, the EU&#39;s German presidency said.
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The new guidelines are part of an effort to make compliance on accounting less costly for small companies.
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Germany's coalition government overcame  months of bickering on Thursday and agreed a compromise on  health care reform viewed as a test of Chancellor Angela  Merkel's leadership and her government's stability.
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Spring appeared to be in the air for the German economy on Wednesday, with data showing inflation tame, despite the VAT sales tax rise, and unemployment unusually lower in February.