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Wednesday, November 11, 2009

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Schäuble: - Smart Deal -

No comprehensive tax reform to 2013 no resources available for a comprehensive tax reform in the

have income tax system, "said Schäuble the' Handelsblatt '

(Monday). We go for limited adjustments, he emphasized with a view on further demands of the FDP. 'We are limited to the'

He knew the charm of the phrase 'a simple, low, fair, "said

the Minister. 'But I also know that this aim is achieved only

once you think very carefully on the road. Modern societies

not work on a button ', Schäuble argued. Everyone who are familiar with

tax policy, know that you only make tax reforms

could, if you have large enough tax relief scope.

Schäuble stressed that the scope for tax cuts was already with the

adopted or in the coalition agreement announced measures

depleted. 'We take 1 January 2010 a tax reform in

the order of about one percent of gross domestic product. The

is economically correct and acceptable also in terms of fiscal consolidation

. Then in 2011 again followed in the order of 20 billion €

further tax relief. "