Germany passes four-year 32 billion euro corporate tax relief to revive economy

The German cabinet has approved a four-year, €32 billion tax cut package aimed at boosting economic growth. The package includes a subsidy to cover 15% of the cost of companies' green investments. However, the tax cuts have been criticized for not going far enough, with economists and business associations calling for more substantial measures. The package still needs to pass the German parliament and gain approval from the states. The German economy has stagnated in recent months, remaining one of the weakest major economies in the world.