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Germany

Germany . A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler. Germany’s Diesel T ax B reak.

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Germany

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  1. Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler

  2. Germany’s Diesel Tax Break • Agricultural and forestry sector producers will be able to claim a tax break on diesel consumption from 2014 to 2016, as introduced in an EU meeting in March of 2013 • Germany will support firms in the agricultural sector in the form of tax benefits: €214,80 per 1000 liters of diesel or a total of approximately €400 million per year • We will suggest reasons for not implementing this subsidy

  3. Economic History

  4. Modern Economy

  5. Trading

  6. The German Agricultural Sector • One of the smallest sectors of the German economy • Most policies made by EU and not Germany • Subsidy and Export Subsidy Programs • Economic value of agricultural exports is €60.1 billion, growth of 7% since 2011 • Germany is a net-importer of food products • Germany offers far more tax breaks on use of fuel compared to other countries such as USA • 84,858,000,000 pounds of diesel fuel used in 2011

  7. Effect of the Subsidy

  8. Analysis of the Policy

  9. Conclusion We stand by our proposal to end the subsidy over concerns with its ability to increase agricultural production in Germany

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