Sunday

20th Aug 2017

Ticker

Germany forecasts increased tax income from booming economy

Germany has increased its forecast for tax income over the next five years, expecting a total income of 732.4 billion euros this year, 7.9 billion euros more than predicted in November. For the years from 2017 to 2021, the finance ministry predicted a total 54.1 billion euros in extra tax money. “The updated tax estimate proves that we are on the right path," commented finance minister Wolfgang Schaeuble.

Brexit realities dawn in UK

Just over a year after a small majority voted for Britain to leave the EU, new realities are dawning on both the in and the out camps.

News in Brief

  1. Macedonia sacks top prosecutor over wiretap scandal
  2. ECB concerned stronger euro could derail economic recovery
  3. Mixed Irish reactions to post-Brexit border proposal
  4. European Union returns to 2 percent growth
  5. Russian power most feared in Europe
  6. Ireland continues to refuse €13 billion in back taxes from Apple
  7. UK unemployment lowest since 1975
  8. Europe facing 'explosive cocktail' in its backyard, report warns

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