Germany Plans Corporate Tax Breaks to Spur Investment, DPA Says

German Finance Minister Lars Klingbeil is planning a number of tax breaks for companies aimed at spurring investment and lifting the economy out of its long bout of stagnation, according to Deutsche Presse-Agentur.

The measures would make it more attractive for firms to buy electric cars, as they could deduct 75% of the cost from their taxes in the year of purchase, DPA reported late on Saturday, citing a draft law.

The bill, which has been circulated among other ministries and requires parliamentary approval, also includes a previously announced plan to boost business investments through more generous deductions, the news ...