(de-news.net) – The government’s proposed corporate tax relief measures have been positively received by key industry stakeholders. The German Chemical Industry Association described the initiative as a “substantive economic policy signal,” reflecting strong approval. The German Association of the Automotive Industry particularly welcomed the tax incentives for the acquisition of electric vehicles. In parallel, representatives of the banking sector emphasized the urgent necessity for a transition toward a growth-oriented economic framework.
These responses followed the federal cabinet’s approval of the economic stimulus legislation introduced by Finance Minister Lars Klingbeil (SPD). A central component of the legislation is the accelerated depreciation of business assets, intended to enhance investment incentives. Corporate tax reductions are scheduled to take effect from 2028, and additional incentives, including special depreciation allowances, are planned to promote the adoption of electric vehicles by businesses. The legislative proposal has been forwarded to the Bundestag and Bundesrat for further deliberation.