ADVERTISEMENT
Dog Days of Coronavirus May Bring Germany a Canine Cash Windfall
Dog Days of Coronavirus May Bring Germany a Canine Cash Windfall
12 Oct 2020, 01:53 PM IST
(Bloomberg) --
German local officials facing depleted coffers as a result of Covid-19 can take comfort from the prospect of more taxpayers seeking canine companionship to get them through the crisis.
The tax netted municipalities 370 million euros in income last year. That total has been steadily rising over the past decade, according a release from the Federal Statistical Office on Friday.
With the popularity of dogs increasing during the pandemic, according to the German Kennel Club VDH, the amount is likely to climb again this year.
©2020 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT