Germany's New Government Unveils Plan to Support SMEs Using Legacy Bank Levy Funds

In a significant policy shift aimed at revitalizing the Small and Medium Enterprises (SMEs) sector, Germany's new government announced that it will allocate funds from a legacy bank levy to bolster support for small businesses across the nation. This move is seen as a strategic effort to stimulate economic growth and enhance the stability of SMEs, which play a critical role in the country's economy.

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Spain Abandons Windfall Tax in Favor of Bank Levy Extension Until 2027

In a significant policy shift, the Spanish government has decided to shelve plans for a windfall tax on energy companies, opting instead to extend the existing tax levied on banks. This decision comes as the country navigates economic pressures and seeks to maintain fiscal stability amidst the ongoing global energy crisis.

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