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HomeBusinessConsumer checks instead of VAT reduction: Verdi calls for second stimulus package

Consumer checks instead of VAT reduction: Verdi calls for second stimulus package

Thickness Money Syringe
Consumer checks instead of VAT reduction: Verdi calls for second stimulus package

“The lowering of the VAT has not brought the momentum that we hoped for in Germany,” said Verdi head Frank Werneke

© Christoph Soeder / DPA

In 2021, the upswing in Germany? There are big question marks. Today, the part of Lockdown especially in the leisure sector starts first. Claims according to a further thick money shot for the economy to be louder.

In the face of persistent Worries about the economy in Germany, the Verdi Union calls for a second stimulus package to counter the consequences of the Corona-crisis.

In essential areas, and the problems and risks would outweigh further, said the Verdi Chairman Frank Werneke, the German press Agency in Berlin. So the municipalities would have to fight persistently with a drastic decline in trade tax revenue. When it comes to public transport, the revenue path might break. Also buying pulses are required.

Not to continue the lowering of the VAT, so Werneke should be. “The lowering of the VAT has not brought the momentum that we hoped for in Germany,” said Verdi head. Instead, consumption checks should not be issued. “This would also have the effect that not only more business in the Online area is made,” said Werneke.

Consumer checks of 500 Euro – but not for all

Already some time ago, Verdi consumer checks in the amount of 500 euros was proposed for citizens with no or low-and middle-income. The checks are supposed to expire after six months. Because the affected sectors should be quickly helped.

Since July, lower tax rates: 16, instead of 19 percent, or 5 instead of 7 per cent shall apply for a year and a half. Thus, the Federal government wants to boost in the Corona-crisis consumption. Against the extension of the VAT reduction had already turned the German Finance Minister, Olaf Scholz (SPD) and Economics Minister Peter Altmaier (CDU).

Altmaier expects up to date for the current year, with a slump of the gross domestic product in Germany of 5.5 percent. For the year 2021, the Minister of economy expects a GDP increase of 4.4 percent. However, the recovery is according to the CDU politician, under the Title, such as the pandemic progressed further and when a vaccine is available.

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DPA
Matthew Velterhttps://etrendystock.com/
With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

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