Germany August Federal Tax Rev +3.0% Y/Y;Jan-Aug -0.4%:Press

FRANKFURT (MNI) – German federal tax revenue rose 3.0% on the year
in August, reaching E17.6 billion, German business weekly
Wirtschaftswoche reported Friday.

For the period January-August, however, tax intake was down 0.4%
from the same period one year ago, at E306.3 billion.

The government had assumed a drop in tax revenue of about 3% this
year for its medium-term financial planning, the publication said.

–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com

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