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German firms promised 'Marshall Plan' tax breaks for African projects

Reuters  |  BERLIN 

BERLIN (Reuters) - Germany plans to use public money to support companies which invest in Africa, part of a new "Marshall Plan" with which it hopes to tackle the roots of the refugee crisis that has convulsed European politics since 2015.The aim was to reintroduce a scheme from the 1980s which made it easier for companies to write off losses on investments in Africa in order to moderate initial investment risks, Development Minister Gerd Mueller told Handelsblatt newspaper."I am also going to push for provisions made for African investments to get more favourable tax treatment," he said on ...

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First Published: Sun, July 08 2018. 22:49 IST