German coalition parties agree further measures to shield workers, companies from coronavirus impact

German coalition parties agree further measures to shield workers, companies from coronavirus impact.

Key notes

German package includes higher state transfers in short-time work scheme to cover up to 80% of lost net income.
German parties agree to temporarily lower tax burden for catering industry through reduced vat rate.
German parties plan further tax relief for companies by simplifying loss carry forward.
German parties agree to support schools with 500 Mio euros for e-learning, digitalization.

More to come..