Germany: cabinet approved VAT reduction and baby bonus
Here are some of the key measures in the 130 bn package
12 June, 18:58The discounted rate is reduced from 7 to 5%. The goal is to boost consumption. Moreover, families will receive a one-off € 300 baby bonus for each child. The two measures approved today by the Council of Ministers must now pass in the Bundestag and the Bundesrat on June 29. (ANSA).