Growth booster: Hamburg receives billions in tax relief!

Growth booster: Hamburg receives billions in tax relief!

The economic landscape in Hamburg gets a breath of fresh wind: the federal government and countries have agreed on a tax relief that is supposed to serve as a true "growth booster". Hamburg's finance senator Andreas Dressel (SPD) was very positive about the agreement on the federal government's compensation services. The central points: The tax failures of the municipal level are fully cushioned by the federal government, which is of considerable advantage for the Hamburg economy. Nevertheless, Dressel emphasizes that the lower revenue of the countries are only partially recorded, which is particularly problematic for a city state like Hamburg. Without compensation, the metropolis could suffer tax reductions of over one billion euros by 2029, as Dressel in NDR notes.

The company association UV Nord describes the investment booster as a breakthrough. He now calls for a rapid implementation of the agreed measures that should support companies that want to invest in investment goods or buy electric cars. The planned reduction in corporation tax, which is in prospect in the medium term, is particularly noteworthy.

reactions from the economy

The positive signals don't just come from the political corner. The Chamber of Crafts and various unions also praise the agreement as important progress for the economy. They see it a sign of stability and future viability in the Hanseatic city. However, the Chamber of Commerce is concerned that the relief will come, but possibly not early enough or to be sufficient to secure the competitiveness of the Hamburg economy.

While the political and economic landscape changes in this way, the concerns are far from wiping aside. Tax failures that affect municipalities and countries only had to be caused by protracted negotiations between the prime ministers and the federal government. Details on the compensation measures have so far been unclear. It remains to be seen whether the federal government can compensate for tax failures completely or only in part. According to ZDF, however, the Federal Government is already planning at a comprehensive tax package, with the aim of 46 billion euros in relief for companies in 2025 to 2029.

Social event in Hamburg

At the same time, fans of the Harley Davidson brand gather at the wholesale market, where an exciting event is on the program. The highlight is a motorcycle parade with the well-known artist Peter Maffay, who will provide the participants and spectators-a good example of how cultural events are met with enthusiasm and community spirit.