German tax intake surges, sparks budget debate

BERLIN (Reuters) - As the rest of Europe struggles with economic weakness, strong wage gains and low unemployment in Germany are fuelling a surge in tax revenues, and a vigorous debate about how to spend the windfall with an election just a year away. In its monthly report on Friday, the German finance ministry said August tax revenues had surged 12.8 percent compared to the prior year to reach 41.3 billion euros. While nearly one in four Spaniards and Greeks is out of work, Germany's unemployment rate stands at just 6.8 percent, close to its lowest level since reunification in 1990. ...

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