Tax coffers swell again on shopping and jobs
Published: 21 Nov, 2013 CET.
Updated: Thu 21 Nov 2013 10:26 CET
A booming job market and an increase in consumer spending saw Germany's tax receipts grow again in October, putting €39 billion into government coffers.
The finance ministry said tax receipts rose 3.7 percent, an increase of €1.4 billion compared to October last year, the Handelsblatt newspaper reported.
The main cause of growth was rising receipts from income tax, which leapt by 6.7 percent to €12 billion.
Meanwhile, a rise in consumer spending meant government income from sales tax increased by 4.5 percent to €16 billion, the Handelsblatt reported.
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The finance ministry said tax receipts rose 3.7 percent, an increase of €1.4 billion compared to October last year, the Handelsblatt newspaper reported.
The main cause of growth was rising receipts from income tax, which leapt by 6.7 percent to €12 billion.
Meanwhile, a rise in consumer spending meant government income from sales tax increased by 4.5 percent to €16 billion, the Handelsblatt reported.
READ MORE: 'Germany's flagship projects should be in private hands'
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