German cabinet agrees draft law to improve startups’ financial conditions

Germany’s cabinet on Wednesday agreed a draft law aimed at strengthening Germany’s attractiveness as a business location by improving financial conditions for small businesses and startups, as well as a tax break for commuters and restaurants.

In addition, more capital was to be directed into infrastructure projects and renewable energy, the draft law seen by Reuters showed.

The plans are part of the government’s efforts to revive Europe’s biggest economy after two years of contraction.