Tax Revenue
In 2007, German tax revenue totaled €538.2 billion.
Tax revenue is distributed to Germany’s three levels of government: the federation, the states, and the municipalities. All of these are jointly entitled to the most important types of tax (i.e., value-added tax and income tax). For this reason, these takes are also known as “shared taxes”. Tax revenue is distributed proportionately using a formula prescribed in the German constitution.
Read more about this topic: Taxation In Germany
Famous quotes containing the words tax and/or revenue:
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
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