Germany to Tweak Tax System for Inflation, Lindner Tells BamS

Germany plans to adjust its tax code so that wage increases designed to compensate for higher inflation won’t land employees in a higher tax bracket, Finance Minister Christian Lindner told the Bild am Sonntag newspaper.

“We will adapt the tax system” to account for the high rate of consumer price increases, Lindner said in the interview published Sunday. “Rising wages must not be taxed away from people even though they’re losing purchasing power because of the current inflation.”

German inflation jumped to the fastest pace on record in March as supply chain bottlenecks are exacerbated by rocketing energy prices in ...