German total tax revenue, excluding local authority taxes, falls 25.3% in April compared with the same month a year earlier, Finance Ministry says in monthly report.
- Tax revenue down 3.1% y/y in January-April period
- Federal income -32.3% y/y in April, states’ revenue -25.4%
- Leading indicators suggest economic weakness will persist in coming months: ministry
- Uncertainty about pandemic brings considerable risks to outlook
May 14: Germany’s Tax Income to Tumble $106 Billion on Coronavirus Fallout
May 19: German Investor Confidence Jumps on Hopes Worst of Pandemic Over
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