Latest Christian Lindner News

German FinMin pitches $10B tax cuts to ease inflation pain

Aug. 10, 2022 09:27 AM EDT

BERLIN (AP) — Germany's finance minister said Wednesday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation. Finance Minister Christian Lindner said about...

Germany argues over nuclear shutdown amid gas supply worries

Jul. 31, 2022 07:02 AM EDT

BERLIN (AP) — Rising concern over the impact of a potential Russian gas cutoff is fueling the debate in Germany over whether the country should switch off its last three nuclear power plants as planned at the end of this year. The door to some kind of extension appeared to open a...

Germany to reduce government incentives to buy electric cars

Jul. 27, 2022 09:08 AM EDT

BERLIN (AP) — The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year. The government had announced shortly after taking office in December that, starting in 2023, it would only...

Germany eyes new cartel law as fuel tax cut falls short

Jun. 13, 2022 03:06 AM EDT

BERLIN (AP) — Germany's vice chancellor is proposing new powers for the country's antitrust agency to clamp down on oil companies amid disappointment over the limited effect of a cut in fuel taxes. A three-month cut took effect on June 1 as part of a wider package of measures aimed...

German leader rules out nuclear option to fill energy gaps

Jun. 08, 2022 12:58 PM EDT

BERLIN (AP) — German Chancellor Olaf Scholz said Wednesday that his government remains committed to phasing out nuclear power despite concerns about rising energy prices and possible future shortages due to Russia's war in Ukraine. Germany shut down half of its six nuclear plants...

German minister rejects calls to tax growing oil profits

Jun. 07, 2022 10:18 AM EDT

BERLIN (AP) — Germany's finance minister on Tuesday rejected calls by some in the country's governing parties to tax what they call “excessive profits” earned by oil companies since Russia's war in Ukraine spiked energy prices. Suggestions for such a tax by some politicians in...

German inflation rate hits highest level since early 1970s

May. 30, 2022 08:33 AM EDT

BERLIN (AP) — Germany's annual inflation rate accelerated to 7.9% in May, its highest level in nearly half a century, according to an official estimate Monday. The Federal Statistical Office said year-on-year inflation jumped from 7.4% in April, with energy prices 38.3% higher than...

Yellen's global tax plan meets resistance abroad and at home

May. 23, 2022 14:10 PM EDT

KOENIGSWINTER, Germany (AP) — Treasury Secretary Janet Yellen celebrated a “historic day” last summer when more than 100 nations agreed to a global minimum tax deal, aimed at putting the world's countries on a more equal footing in attracting and keeping multinational companies. President Joe...

Live updates | Zelenskyy: Russia should pay for destruction

May. 20, 2022 18:08 PM EDT

KYIV, Ukraine -- President Volodymyr Zelenskyy devoted his nightly video address to Ukraine’s demand that Russia be held financially responsible for the damage its forces are inflicting on Ukraine. Just on Friday, he noted, the Russian army fired a missile at the northeastern...

G7 countries to provide $19.8 billion in aid to Ukraine

May. 20, 2022 12:10 PM EDT

KOENIGSWINTER, Germany (AP) — The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion. German Finance Minister Christian Lindner told...