Germany: the Employment agency is no longer losing money, and the government removes tax advantages

Although the Council of Ministers decided to remove, since 2007, many tax advantages and to introduce a “tax on rich people”, the week finishes better than it had started: the tax income is higher than expected and the Employment agency is awaiting a surplus of several billion euros in 2006.

End of tax deductions will affect 30 million workers. Ironically, the Frankfurter Allgemeine Zeitung (12-5) comments on this “tax week”: “Until now, all the federal governments showed imagination when...