Merkel's tax-cut proposal applauded by German businesses

09/21/2009 | Financial Times (tiered subscription model)

Executives at some of Germany's industrial giants are supporting German Chancellor Angela Merkel's campaign promise of an income tax cut "for every taxpayer." Merkel is battling a sudden jump in the popularity of opponent Frank-Walter Steinmeier, whose party proposed a higher tax rate for the wealthiest taxpayers and is receptive to increasing value-added tax.

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