Germany Agrees Tax Subsidies for Industry Worth up to €28bn by 2028

Financial Times | 9 November 2023

Published in the Financial Times, by Sam Jones and Patricia Nilsson.

“The German government has agreed a “massive” new package of tax subsidies for industry worth up to €28bn by 2028 as it seeks to further shield beleaguered manufacturers from high energy costs. The deal is likely to cause consternation in Brussels, where European officials have become increasingly critical of Berlin’s willingness to provide state financial support to business, which the EU says unfairly distorts the common market in Germany’s favour”.

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