Pensions in Germany will be 100 percent taxable by 2040
Many-a-person in Germany breathes a sigh of relief upon entering retirement: “Finally, an end to all that taxation!” It may come as a nasty surprise, therefore, that around a quarter of pensioners in Germany still have to pay income taxes - and the number is set to increase over the next few years. One in four pensioners in Germany paid income tax in 2015 According to official figures from Destatis, the Federal Statistical Office, in 2015 around 21,2 million people in Germany were receiving either a...