German cabinet approves 46 billion euro corporate tax relief package

BERLIN, June 4 (Reuters) - The German cabinet approved on Wednesday a first tax relief package worth 46 billion euros ($52.43 billion) from 2025 to 2029 to support companies and revive its sluggish economy, the government said.

The aim is to boost investment with measures like favourable depreciation options for companies, including "super depreciations" of 30% per year for three years to ease the tax burden on business.

($1 = 0.8773 euros)