Germany May Raise Extra $109B in Tax, Handelsblatt Reports

Germany may receive around €110 billion ($109 billion) more tax revenue than previously expected in the period through 2026, Handelsblatt newspaper reported, citing government and coalition sources it didn’t identify.

The fiscal boost is thanks to price inflation, a continued high level of employment and robust company profits, the newspaper said, as well as expectations the economy will pick up significantly again from 2024.

Tax revenue rose around 10% to €593 billion in the first nine months of the year, Handelsblatt said.

German Finance Minister Christian Lindner is due to detail the government’s official estimate of how much money it ...