BERLIN (Reuters) -German federal and state tax revenues rose 3% year-on-year in July, a slower rate of increase than the previous month, due in part to a decline in earnings from sales tax, the finance ministry said on Thursday.<\/p>\n
The total tax take in Europe’s biggest economy came to 65.74 billion euros ($76.60 billion) in July, with increases in taxes on income, wages and inheritance, said the ministry in its monthly report. In June, tax revenues had risen more than 7%.<\/p>\n
In the first seven months of the year, Germany collected some 513.3 billion euros in tax, up 7.4% from the same period in the previous year.<\/p>\n
Germany’s economy contracted in 2024 for the second consecutive year and shrank slightly in the second quarter. Economists expect the export-driven economy to suffer further from U.S. tariffs and mostly predict stagnation for this year.<\/p>\n
The ministry played down any likely impulses that would boost tax revenues.<\/p>\n
“Leading indicators do not point to a short-term acceleration of economic activity,” said the ministry.<\/p>\n
($1 = 0.8582 euros)<\/p>\n
(Reporting by Christian KraemerWriting by Madeline ChambersEditing by Ludwig Burger)<\/p>\n","protected":false},"excerpt":{"rendered":"BERLIN (Reuters) -German federal and state tax revenues rose 3% year-on-year in July, a slower rate of increase…\n","protected":false},"author":2,"featured_media":360706,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[2000,299,49700,126765,1824,126763,126762,126764],"class_list":{"0":"post-360705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-eu","9":"tag-europe","10":"tag-finance-ministry","11":"tag-german-federal","12":"tag-germany","13":"tag-sales-tax","14":"tag-state-tax-revenues","15":"tag-tax-revenues"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115063873368996412","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/360705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=360705"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/360705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/360706"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=360705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=360705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=360705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}