Germany Sees €52 Billion Tax Hole as Iran War Hits Economy

Germany expects federal tax revenue to plummet by more than €50 billion ($58.9 billion) through 2030 compared to estimates in October as the government laid the blame with US President...

By Kamil Kowalcze · Bloomberg Markets

Germany expects federal tax revenue to plummet by more than €50 billion ($58.9 billion) through 2030 compared to estimates in October as the government laid the blame with US President Donald Trump’s war in Iran.