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:
“I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.”
—Henry David Thoreau (1817–1862)
“If you tax too high, the revenue will yield nothing.”
—Ralph Waldo Emerson (1803–1882)