In 2017, a new federal Government should be capable to reform taxation significantly. For that, it needs off-setting cuts in subsidies, says Dr. Michael Thöne, Managing Director of the Institute of Public Economics (FiFo) at the University of Cologne. A new FiFo-Memorandum finds 11 billion Euros alone in tax expenditures and suggests with respect to the federal subsidy report three steps for the nature of German subsidy: cutting, reviewing and observing from there.

For futher details please check the Memorandum of Dr. Michael Thöne (Memorandum/pdf just in German): http://www.fifo-koeln.org/images/stories/fifo-memo_vor-der-wahl-an-nach-der-wahl-denken_14.07.2016.pdf