The German government has approved an economic stimulus package with a financial volume of a further 130 billion euros.
The measures of the German government are 57 measures, which can be called up under the link
https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/2020-03-13-Millillion-Schutzschild-fuer -Germany.html
This package will reduce the recession but does not use the crisis as an opportunity, what we want from the MTP.
The measures of the German government are 57 measures, which can be called up under the link
https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/2020-03-13-Millillion-Schutzschild-fuer -Germany.html
The package of measures includes:
- Lower VAT: From July 1 to December 31, 2020, the VAT rate is to be reduced from 19 percent to 16 percent and for the reduced rate from 7 percent to 5 percent.
- Children's bonus for families: parents receive a one-off payment of 300 euros per child. The allowances are doubled for single parents.
- Strengthening the municipalities: The federal government increases its share of the costs for the accommodation of the needy, half compensates for the local business tax losses and strengthens local public transport and the health sector.
- Relief in electricity costs: The EEG be lowered to -Umlage from 2021 through grants from the federal budget.
- Future package: Around 50 billion euros will be invested in future areas such as the hydrogen economy, quantum technologies and artificial intelligence.
Furthermore, reintroduction of degressive depreciation rates of 25%
The MTP demands this even without a corona crisis. What use are higher depreciation rates if companies have slumped earnings in the corona crisis and the loss carryforwards and loss carryforwards are limited.
The MTP therefore calls for the loss carry back restriction to be lifted for this year. As a result, the tax office will have to repay taxes and thereby give the companies liquidity.
MTP wants to seize the opportunity in the crisis! Productivity needs to be increased!
The chance lies in the fact that the less work or short-time work 0 means that there is now time for further training measures that otherwise depend on working hours. Here the state has to pay a 50% subsidy towards the costs.
With better educated employees, productivity and quality will increase.
Another opportunity is to renew the fixed assets. The same applies here as for the employees, it must be invested in new machines and fleets. To do this, the state must pay a 10% grant to incite such investments.
The new fixed assets increase productivity.
