German Advance Huge Financial Savings Plan

Although since the second quarter this year, a good momentum of economic growth in Germany, the German government still decided on September 1, continue to promote the introduction of the next year in June 4 to cut about 80 billion euros in fiscal spending plans.

According to the 2011 to 2014 from the austerity program to reduce fiscal expenditures in Germany next year, about 11.2 billion euros. From 2012 to 2014 were reduced by 19.1 billion euros, 24.7 billion euros and 266 million euros. 60% of austerity plan will reduce social security expenditure and government and other public expenditures to acquire, 40% rely on the introduction of two new taxes – Air transportation tax and fuel tax.

The next four years, the German government plans to nuclear power companies charge an annual 2.3 billion euros, but has yet to determine how nominal fee. On the controversial issue of nuclear power plant operation period, German Chancellor Angela Merkel has advocated nuclear power plant operation period of 10 to 15 years, the ruling alliance and opposition parties there are differences on this issue. By the end of September, the German government will discuss the adoption of a strategic plan for energy, nuclear power companies will be on whether to tax and the duration of nuclear power plant operators to make the final decision.

Beginning January 1 next year, from the German airport passengers traveling by air will pay 45 euros a maximum air transportation tax. The introduction of annual air traffic tax will bring one billion euros the German government revenue. The tax was effective on September 1 the same day, which means that even if the ticket is now scheduled for next year need to pay tax. Air transportation tax according to journey length and is divided into third gear, the German domestic routes and short haul routes in Europe, passengers have to pay 8 euros; including flight routes in the Middle East, long-range routes, to pay 25 euros; fly to the United States, China, Australia and other continental long-haul routes, you need to pay 45 euros.

In addition, the German government plans to January 1, 2012 introduction of the financial transactions tax, treasury every year to bring two billion euros revenue. However, the implementation of the financial transaction tax, there are many unknowns. Finance Minister Sch

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