German Government Revises Tax Hikes for Farmers Amid Protests
Despite concessions, German Farmers' Association demands complete withdrawal of proposed cuts.
- The German government has partially backtracked on proposed tax hikes for farmers, following widespread protests.
- The tax privileges for farmers will be phased out gradually over multiple years, rather than being cut abruptly as initially proposed.
- The government also plans to waive the planned tax increases for agricultural vehicles.
- Despite these concessions, the German Farmers' Association remains dissatisfied, insisting that both proposals for cuts must be completely withdrawn.
- The government plans to compensate for the latest change to its budget plan partly by using revenue from offshore wind tenders.