German Chancellor Angela Merkel’s ruling Christian Democratic Union (CDU) party has finally signed a coalition agreement with the Social Democrats (SPD), in which both parties pledge their commitment to no new debt or tax rises, as well as to ensuring and enforcing tax compliance.
It was also announced by the new Coalition the plans to further simplify the tax system particularly by introducing pre-completed tax declarations for all taxpayers by 2017 and to introduce a minimum wage of EUR8.50 (USD11.6) by 2017.
