German tax take surges, ministry optimistic on growth, inflation

BERLIN (Reuters) – Tax take has risen dramatically this year, the German Finance Ministry said in its monthly report on Thursday, adding that there were signs that strong growth would resume next year, when inflationary pressures would also moderate. Tax income rose 23.1% to 78.2 billion euros in September compared to last year, when the coronavirus pandemic was having a devastating impact on Europe’s largest economy. Over the first nine months of the year, the combined tax take of central and regional government was up 9.1% at 541 billion euros. While Germany’s recovery from the pandemic has been strong, recent