Breaking News         Latest US News              New York News              Fx Tribune

Top 5 Reasons Why Businesses Outsource
The SPD is considering taxes for large assets in order to stabilize the pension level. The party also hopes for positive effects from immigration.

Old-age provision: SPD for additional taxes to stabilize the pension

The SPD is considering taxes for large assets in order to stabilize the pension level. The party also hopes for positive effects from immigration.

Old-age provision: SPD for additional taxes to stabilize the pension

The budget expert of SPD, Johannes Kahrs, has decided to stabilize statutory pension by year 2040 for additional taxes. "The subsidy from federal budget for pension will increase in long term," said budget spokesman of SPD Bundestag group to newspapers of Funke Media Group. "We need to talk about additional revenue streams, such as financial transaction tax or an additional tax on large assets," he said. However, postponement of solo degradation or higher value added tax is not an issue.

In its electoral programme, SPD had pronounced itself to keep pension level up to 2030 at least at current level of 48 percent. "The stabilization of pension level requires considerable resources and will be financed in addition to moderately higher contributions through a higher tax subsidy to pension insurance and a new Demografiezuschuss," programme states. The pension level describes ratio of current average pension to current average wage.

Federal Minister Katarina Barley (SPD) told Rheinische Post that predictions about such a long period are always difficult. Immigration to Germany, for example, "enormous opportunities for our ageing society". A well-made immigration law is needed in order to bring targeted young professionals to Germany. "This also relaxes relationship between contributors and pensioners."

On Friday, Federal Ministry had rejected a report on reflections on possible tax increases to stabilise pension level. The mirror, citing circles of Ministry of Finance, reported that Finance Minister Olaf Scholz (SPD) was prepared to increase contributions to pensions and taxes "vigorously" for stabilising retirement level by 2040. He is opposed to a higher retirement age.

Publish Date : 26 Ağustos 2018 Pazar 12:00

Breaking News Headlines

Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Spain puts an end in the EU in four years of cuts in the quota of hake south
Spain puts an end in the EU in four years of cuts in the quota of hake south
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES