Tax coffers swell again on shopping and jobs

Tax coffers swell again on shopping and jobs
Income from sales taxes rose by 4.5 percent. Photo: DPA
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. 

READ MORE: 'Germany's flagship projects should be in private hands'

Member comments

Become a Member to leave a comment.Or login here.