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Get your Geld ready: Germany issues final draft on CO2-based taxes

Changing the road tax legislation in Germany wasn't an easy thing to do. This tax is managed at the state level, but a nationwide modification will be enforced now that the German federal government has decided to give €9 billion in compensation to the states. The new road tax, like similar legislation in other European countries, is aimed at stimulating motorists to drive fuel-efficient cars. Here's how the new tax works, starting July 1st: First, there's a base tax based on displacement: €2 per each 100 cubic centimeters if it's ... Read more →

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